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Ch1
Ch2
Ch3
Ch4
Ch5
100
Planning, recording, analyzing, and interpreting financial information.
What is accounting?
100
A business owned by just one person.
What is a proprietorship?
100
An increase in the owner's equity resulting from the operation of a business.
What is Revenue?
100
Ana accounting song used to analyze transactions.
What is a T-account?
100
A from for recording transactions in chronological order.
What is a journal?
200
A person who plans, summarizes, analyzes, and interprets accounting information.
What is an accountant?
200
Financial rights to the assets of a business.
What are equities?
200
A decrease in the owner's equity resulting from the operation of a business.
What is an expense?
200
An amount recorded on the left side of a T-account.
What is debit?
200
A business form ordering a bank to pay cash from a bank account.
What is a check?
300
American Institute of Certified Public Accountants
What is AICPA
300
Anything of value that is owned.
What is an asset?
300
Assets taken out of a business for the owner's personal use.
What are withdrawals?
300
An amount recorded on the right side of a T-account.
What is credit?
300
A business form giving written acknowledgement for cash received.
What is a receipt?
400
The principles of right and wrong that lead an individual in making decisions.
What are ethics?
400
Assets = Liabilities + Owner's equity
What is the accounting equation?
400
Cash is an example of...
What is an asset?
400
The side -1577.00 would be on.
What is the right (credit side)
400
A from on which a brief message is written describing a transaction.
What is a memorandum?
500
A business selling accounting services to the general public.
What is a public accounting firm?
500
A record summarizing all the information pertaining to a single item in the accounting equation.
What is an account?
500
The heading on the left side of a balance sheet.
What is assets?
500
The side +1577.00 would be on.
What is the left (debit side)
500
A business paper from which information is obtained for a journal.
What is a source document?