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Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
A planned process for providing financial information that will be useful to management
What is Accounting System
100
An amount owed by a business
What is Liability
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 T Account
100
A journal amount column headed with an account title is called
What is Special Amount Column
200
A job where good interpersonal skills and communication skills are required
What is accountant
200
What is the accounting equation
What is Assets=Liabilities + Owners Equity
200
Assets taken out of a business for the owner’s personal use
What is Withdrawals
200
The left side of a T Account
What is Debit Side
200
A journal amount column that is not headed with an account title
What is General Amount Column
300
Requires 3 years of secretarial experience
What is Secretary
300
A record summarizing all the information pertaining to a single item in the accounting equation
What is Account
300
Revenue, expense, and withdrawal transactions affect
What is Owner’s Equity
300
The right side of a T account
What is Credit Side
300
Information for each transaction recorded in a journal
What is Entry
400
The use of personal ethics in making business decisions
What is Business Ethics
400
A financial statement that reports assets, liabilities, and owner’s equity on a specific date
What is Balance Sheet
400
A decrease in owner’s equity resulting from the operation of a business
What is Expense
400
An account that reduces a related account on a financial statement is called
What is Contra Account
400
A form on which a brief message is written describing a transaction
What is Memorandum
500
Most Public Accountants earn what designation?
What is CPA
500
What side does the liabilities section belong on?
What is Right Side
500
The left side of the accounting equation shows
What is Assets
500
The normal balance side of an asset, liability or capital account is based on what?
What is The location of the account in the accounting equation
500
A business paper from which information is obtained for a journal entry
What is Source Document