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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
an organized summary of businesses financial activities
What is accounting records
100
Financial rights to the assets of a business
What is equiteies
100
An increase in owners equity resulting from the operation of a business
What is revenue
100
Accounting device used to analyze transactions
What is a T account
100
Recording transactions in chronological order
What is a journal
200
Planning, recording, analyzing, and interpreting financial information
What is accounting
200
showing the relationship among assets, liabilities, and owners equity
What is Accounting Equation
200
Assets takes out of a business for personal use
What is withdrawal
200
Special names for amounts recorded on the left and right sides of a T account
What is debit and credit
200
Headed with an account title
What is special amount column
300
Person who does general accounting work plus some summarizing and analyzing
What is a bookkepper
300
Business activity that changes assets, liabilities, or owners equity
What is transaction
300
A decrease in owners equity
What is expense
300
Reduces a related account on a financial statement
What is contra account
300
Column that isn’t headed
What is general amount column
400
Person who records, sorts, and files accounting information
What is an accounting clerk
400
Business owned by one person
What is proprietorship
400
Two transactions that decrease owners equity
What is expense and withdrawal
400
List of accounts used by a business
What is chart of accounts
400
Information obtained for a journal entry
What is source document
500
Employed by a single business
What is private accountant
500
Anything that is owned
What is Asset
500
Headings on the right side
What is liabilities and owners equity
500
Sides of an accounting equation show
What is increases and decreases
500
Business form ordering a bank to pay cash from a bank account
What is a check