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Ch1
Ch2
Ch3
Ch4
Ch5
100
A person who plans, summarize, analyzes, and interprets accounting information.
What is an accountant?
100
A business that performs an activity for a fee
What is service business
100
An increase in owner's equity resulting from the operation of a business
What is revenue
100
An accounting device used to analyze transactions
What is a T account
100
A form recording transactions in chronological order
What is a journal
200
A business selling accounting services to the general public
What is a public accounting firm
200
A business owned by one person
What is proprietorship
200
A decrease in owner's equity resulting from the operation of a business
What is an expense
200
An amount recorded on the left side
What is debit
200
A journal account column headed with an account title
What is a special amount column
300
An accountant who is employed by a single business
What is a Private accountant
300
Financial rights to the assets of a business
What is equitites
300
Assets taken out of a business for the owener's personal use .
What are withdrawls
300
An amount recorded on the right side
What is Credit
300
A journal amount that is not headed with an account title
What is a general amount column
400
A person who records, sorts, and files accounting information is often called..
What is Accounting clerk
400
An amount owed by a business
What is liability
400
What side are assets on?
What is left
400
An account that reduces a related account on a financial statement
What is a Contra Account
400
Information for each transaction recorded in a journal is called
What is an entry
500
A person who does general kinds of office tasks , including accounting tasks
What is general office clerk
500
The amount remaining after the value of all assets is
What is Owner's Equity
500
what side is liabilitites+ owners equity on?
What is Right
500
Which side is receiving
What is left(debit)
500
The recording of debit and credit parts of a transaction
What is double-entry accounting