Show:
Random 1
Random 2
Random 3
Random 4
Random 5
100
Right side
What is Credit
100
Side that is increased
What is Normal balance
100
Tool that is used by accountants to analyze transactions
What is T Accounts
100
List of all accounts a business uses
What is Chart of accounts
100
Spmething accounts are grouped in
What is a Ledger
200
Financial record keeping system in which each transaction affects at least 2 accounts
What is Double Entry Accounting
200

Shows Net Income

What is the income statement?

200
Credit
What is Right Side of the T account
200
Capital
What is Owner's Equity
200

Asset-Liabilities

What is the Equity Equation?

300
Revenue
What is money earned from a service
300
By something but agree to pay later
What is buy on account
300

Giving a business cash to start

What is an investment

300

Most liquid asset

What is Cash?

300

Used by a business to generate income

What are assets?

400
Office Equipment
What is an Asset
400
Accounts Recievable
What is Asset
400
Debit
What is Left side of a T account
400
Account Payable
What is Liability
400
Agree to pay them later
What is Accounts payable
500
Owner's Equity and Liabilities
What is credit or Right side
500
Agree to pay you later
What is Accounts Recievable
500
Sell something and agree to recieve money later
What is selling on account
500
Assets=Liabilities+Owner's Equity
What is the accounting equation
500
Cash In Bank
What is Asset