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Accounting Vocabulary
Adjusting and Closing Entries
Accounting Cycle
100
What is Accounting
What is Planning, recording, analyzing, and interpreting finacial information?
100
What is Write an Account Title
What is the first step to opening and account?
100
What is Analyze Transaction
What is the first step in the accounting cycle
200
What is Capitol
What is The account used to summarize the owners equity in a buisness?
200
What is a ledger account
What is The place you transfer the information from the journal entry to where?
200
What is Journalize
What is the second step in the accounting cycle
300
What is A Balance Sheet
What is A financial statement that reports assets, liabilities, and owners equity on a specific date?
300
What is Post
What is the third step in the accounting cycle
400
What is Revenue
What is What is An increase in owners equity resulting from the operation of a business
400
What is Post Adjusting and Closing Entries
What is the seventh step in the accounting cycle
500
What is Recording transactions in a journal
What is Journalizing?
500
What is Prepare Post-Closing Trial Balance
What is the eighth step in the accounting cycle