1
Keeps track of all of the money a company receives and spends.
What is a bookkeeper?
Assets are equal to
What is Owner's Equity + Liability?
An increase in owner's equity resulting from the operation of a business.
What is Revenue?
Recorded on the left side of a T account
What is debit?
A form for recording transactions in chronological order
What is a Journal?
Use their financial investigative powers to keep an eye on the books.
What is an Auditor?
Anything of value that is owned.
What are assets?
A withdrawal increases or decrease Owner's Equity?
Decreases
Recorded on the right side of a T account.
What is Credit?
A business form ordering a bank to pay cash from a bank account.
What is a check?
The mathematical experts who estimate risks and costs for insurance companies.
What is an Actuary?
Amount Owed by a business
What is a Liability?
The heading on the left side of a balance sheet.
What is Assets
The basic device used to analyze the effect of transactions on accounts.
What is a T account?
A business form giving written acknowledgement for cash received.
What is a receipt?
True or False: being a financial clerk requires a four-year college degree.
false
Financial rights to the assets of a business.
What are equities?
The two headings on the right side of a balance sheet.
What are Liabilities and Owner's Equity?
Asset accounts would have a normal _____ side.
What is Left?
Received $10000 cash from owner as an investment. What two accounts are affected?
What are cash and capital?
True or False: being a forensic accountant requires a four year college degree.
True
A business activity chat changes assets, liabilities, or Owner's Equity.
What is a transaction?
True or False: the left and right side of a balance sheet DON'T have to equal each other.
False
Liability accounts would have a normal _____ side.
What is right?
A form on which a brief message is written describing a transaction.
What is a memorandum?