Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

ACC 2100

Chapter 3

QuestionAnswer
Which of these statements about a journal is false? It contains only revenue and expense accounts.
What is a Trial Balance is a list of accounts with their balances at a given time
If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates the mathematical equality of the accounting equation
DEAD Expenses, assets, and dividends have a normal debit balance
CURLS Unearned revenue, revenue, liabilities, and stockholders equity
Expenses are always debited
Dividends are always debited
Common stock is always credited
Revenues are always credited
on a journal entry, list the account to be ____(Dr/Cr) fist debited
Left side is debit
right side is credit
The Recording Process Analyses the transaction, Record the transaction in journal, post the transaction to the ledger. Done on a daily basis. steps 1-3.
the journal records transactions in chronological order, does not show the balances of each account
"Posting" refers to the ledger
the ledger has balances of each account
Trial Balance listing of all accounts and their balances
Created by: mghamiter
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards