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Ch.1
Ch.2
Ch.3
Ch.4
Ch.5
100
Recording, analyzing, and interpreting financial information
What is Accounting?
100
Business that performs an activity for a fee
What is a service business?
100
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 a T account?
100
Form recording transactions in chronological order
What is a journal?
200
Organized summaries of a business’ financial activities
What is Accounting Records?
200
Assets = Liabilities + Owner’s Equity
What is the accounting equation?
200
Decrease in owner’s equity resulting from the operation of a business
What is expense?
200
debit
What is recorded on the left side of the T account?
200
Recording transactions in a journal
What is journalizing?
300
One year high school study of accounting
What is accounting clerk?
300
Cash, Supplies, Prepaid Insurance
What kind of accounts go on the left side of the accounting equation?
300
Assets taken out of a business for the owner’s personal use.
What is a withdrawal?
300
credit
What is recorded on the right side of the T account?
300
Business paper from which information is obtained for a journal entry
What is a source document?
400
College degree in accounting
What is accountant?
400
The title of an account
What is an account title?
400
The name of the business
What is the first thing you put on a balance sheet?
400
Account that reduces a related account on a financial statement
What is a contra account?
400
Information for each transaction recorded in a journal
What is entry?
500
American Woman’s Society of Certified Public Accountants
What is the full name of the AICPA?
500
Generally Accepted Accounting Equations
What is the full name for the GAAP?
500
Assets, cash, supplies, prepaid insurance, total assets
What is on the left side of a balance sheet?
500
neither
What is debit an increase or decrease?
500
Business form ordering a bank to pay cash from a bank account
What is a check?