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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Misc. Chapters
100
An increase in owner's equity resulting from the operation of a business.
What is revenue?
100
The side of the account this is increased in call this.
What is the Normal Balance?
100
Recording transactions in a journal.
What is Journalizing?
100
The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current is called this.
What is File Maintenance.
100
A ledger that contains all accounts needed to prepare financial statements is called this.
What is General Ledger?
200
A planned process for providing financial information thatwill be useful to management.
What is Accounting System?
200
An accounting device used to analyze transactions is called this.
What is a T Account?
200
The recording of debit and credit parts of a transaction is called this.
What is Double-Entry Accounting?
200
A group of accounts is called this.
What is Ledger?
200
Anything of value that is owned.
What is Asset?
300
A decrease in owner's equity resulting from the operation of a business.
What is Expense?
300
Am amount recorded on the left side of a T Account is called this.
What is Debit?
300
A business paper from which information is obtained for a journal entry is called this.
What is Source Document?
300
Transferring information from a journal entry to a ledger account is called this.
What is Posting?
300
Information for each transaction recorded in a journal is called this.
What is Entry?
400
The amount in an account.
What is Account Balance?
400
A list of accounts used by a business.
What is the Chart of Accounts?
400
A form on which a brief message is written describing a transaction is called this.
What is Memorandum?
400
Writing an account title and number on the heading of an account is called this.
What is Opening an Account?
400
Determint that the amout of cash agrees with the balance of the cash account in the accounting records is called this.
What is Proving Cash?
500
An equation showing the relationship among assets, liabilities, and owner's equity.
What is the Accounting Equation?
500
The amount recorded on the right side of a T Account is called this.
What is Credit.
500
An invoice used as a source document for recording a sale on account is called this.
What is Sales Invoice?
500
A journal entry made to correct an error in theledger is called this.
What is Correcting Entry?
500
A sale for which cash will be received at a later date is called this.
What is Sale on Account?