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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
planning, recording, analyzing and interpreting financial information
What is accounting
100
anything of value that is owned
What is asset
100
an increase in owner's equity resulting from the operation of a business
What is revenue
100
an accounting device used to analyze transactions
What is t account
100
a form for recording transactions in chronological order
What is journal
200
organzied summaries of a business' financial activites
What is accounting records
200
financial rights to the assets of a business
What is equities
200
a decrease in owner's equity resulting from the operation of a business
What is expense
200
an amount recorded on the left side of a t account
What is debit
200
recording transactions in a journal
What is journalizing
300
a person who does general accounting work plus some summarizing and analyzing of accounting information
What is bookkeeper
300
an amount owed by a business
What is liability
300
assets taken out of a business for the owner's personal use
What is withdrawals
300
an amount recorded on the right side of the t account
What is credit
300
a journal amount column headed with an account title
What is special amount column
400
a person who records, sorts and files accounting information
What is accounting clerk
400
a business activity that changes assets, liabilities, or owner's equity
What is transaction
400
what does the left side of the balance sheet contain
What is asset accounts
400
an account that reduces a related account on a financial statement
What is contra account
400
a journal amount column that isnt headed with an account title
What is general amount column
500
the use of personal ethics in making business decisions
What is business ethics
500
the account used to summarize the owner's equity in business
What is capital
500
what does the right side of the balance sheet contain
What is liability and owner's equity accounts
500
a list of accounts used by a business
What is chart of accounts
500
information for each transaction recorded in a journal
What is entry