Accounting Terms
The left side of a T-account
What is a debit?
Luca Pacioli was the first person to publish a work on this method of bookkeeping
What is the double-entry system?
Howard Bunsis
What is faculty advisor?
The name of Bunsis' dog
What is Roxie?
The right side of a T-account
What is a credit?
Tim receives $1000 cash for services provided
What is
Debit cash for 1000
Credit service revenue for 1000?
Accounting records dating back more than 7,000 years have been found in this historical area of Western Asia
What is Mesopotamia?
Emily Zach
What is secretary?
The breed of Bunsis' dog
What is golden retriever?
The 16th amendment established Congress' ability to collect income tax. It was ratified in this year
What is 1913?
Logan Manley
What is treasurer?
The 3 main financial statements
What are the balance sheet, income statement, and statement of cash flows?
Suzy is given $5000 cash for a service she has not yet provided
What is
Debit cash for $5000
Credit unearned revenue for $5000
Beta Alpha Psi was founded in this year
What is 1919?
Vania De La Rosa
What is BAP president?
The American Institute of Certified Public Accountants was founded in this year
What is 1887?
Jade Meads
What is community service chair?