Show:
Ch.1
Ch.2
Ch.3
Ch.4
Ch.5
100
Planning, recording, analyzing, and interpreting financial info
What is accounting
100
A financial statement that reports assets, liabilities and owners’ equity on a specific date
What is balance sheet
100
an increase in owner's equity resilting from the operation of a business
What is revenue
100
the accounting equation can be represented as a
What is T account
100
a business form ordering a bank to pay cash from a bank account
What is check
200
Organized summaries of a business’ financial activities
What is accounting records
200
if both account colums equal you must
What is double underline them both
200
assets taken out of a business for the owner's personal use are called
What is withdrawals
200
Debit is an amount recorded on the
What is left side
200
a business form giving written acknowledgement for cash received
What is recipt
300
A person who plans, summarizes, analyzes and interprets accounting info
What is accountant
300
Assets are on what side
What is left
300
many businesses prepare a balance sheet only on the
What is last day of the month
300
credit is an amount recorded on the
What is right side
300
A form on which a brief message is written describing a transaction
What is memorandum
400
A business selling account services to the general public
What is public accounting firm
400
Liabilities are on what side
What is right
400
a decrease in owner's equity resulting from the operation of a business is called an
What is expense
400
asset accounts have normal ______ balances
What is debit
400
the recording of debit and credit parts of a transaction
What is double entry accounting
500
a person who does general accounting work plus summarizing and analyzing of accounting info
What is bookkeeper
500
Owner’s equity is on what side
What is right
500
Although an owner may withdraw any kind of asset, usually they withdraw
What is cash
500
Liability’s and owner’s capital accounts has a normal ______ balance
What is credit
500
A business paper from which info. Is obtained for a journal entry
What is source document