Show:
chapter 1
chapter 2
chapter 3
chapter 4
chapter 5
100
Planning, recording, analyzing , and interpreting financial information
What is accounting
100
Business that performs an activity for a fee
What is service business
100
Increase in owners equity resulting from the operation of a business
What is Revenue
100
Accounting device used to analyze transactions
What is t account
100
A form for recording transactions in chronological order
What is a journal
200
A person who interprets accounting informations
What is accountant
200
Anything of value that is owned
What is asset
200
A decrease in owners equity resulting from the operation of a business
What is Expense
200
An amount recorded on the left side of a t account
What is debit
200
Recording transactions in a journal
What is journalizing
300
A person who does general accounting work plus some summarizing of accounting information
What is bookkeeper
300
A business activity that changes assets, liability or owners equity
What is a transaction
300
Assets taken out of a business for the owners personal use
What is Withdrawals
300
Amount recorded on the right side of a t account
What is credit
300
The recording of debit and credit parts of a transaction
What is double entry accounting
400
A person who does general kinds of office tasks, including some accounting tasks
What is general office clerk
400
An account used to summarize the owners equity in business
What is Capital
400
Accounts that are affected when receiving sales
What is owners equity and sales
400
A list of accounts used by a business
What is chart of accounts
400
A form on which a brief message is written describing a transaction
What is a memorandum
500
THE USE OF PERSONAL ETHICS IN MAKING BUSINESS DECISIONS
What is BUSINESS ETHICS
500
A business owned by one person
What is Proprietorship
500
Must be true of the accounting equation when each transaction is recorded
What is equal on each side
500
An account that reduces a related account on a financial statement
What is contra account
500
Determining that the amount of cash agrees with the accounting records
What is proving cash