Show:
Chapter One
Chapter Two
Chapter Three
Chapter Four
Chapter Five
100
A planned process for providing financial information.
What is Accounting System?
100
A business that performs an activity for a fee.
What is a Service Business?
100
An increase in owner' equity resulting from the operation of a business.
What is revenue?
100
An accounting device used to analyze transactions.
What is T account?
100
A form of recording transactions in chronological order.
What is a journal?
200
Organized Summaries of a business' financial activities.
What is Accounting Records?
200
A business owned by one person.
What is a proprietership?
200
A decrease in owner's equity resulting from the operation of business.
What is expense?
200
An amount recoreded on the left side of a T account.
What is a debit?
200
Recording transactions in a journal.
What is journalizing?
300
A person who plans, summerizes, and interprets accounting information.
Who is an accountant?
300
Financial rightst to the assets of a business.
What is Equities?
300
Assets taken out of a business for the owner's personal use.
What are withdrawls?
300
An amount recorded on the left side of a T account.
What is credit?
300
A journal amount column headed with an account title.
What is a special amount title column?
400
The language of business
What is Accounting?
400
An amount owed by a business.
What is a liability?
400
Cash, Supplies, and prepaid insurance are all these.
What are Assets?
400
This increases owner's capital.
What is Revenue?
400
A journal amount column that is not headed with an account title.
What is a general amount column?
500
A person who does general kinds of office tasks, including some accounting tasks.
Who is a general office clerk?
500
An equation showing the relationship among assets, liabilities, and owner's equity.
What is the accounting equation?
500
Revenue, expense, and withdrawal transactions affect this account.
What is Owner's equity?
500
An account that reduces related account on a financial statement.
What is a contra account?
500
Information for each transaction recorded in a journal.
What is an entry?