Accounting Equation, T-Account, Business and Accounting Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Anything of value that is owned
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| Equities | show 🗑
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| Liability | show 🗑
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| Owner's Equity | show 🗑
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| Accounting Equation | show 🗑
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| show | A business activity that changes assets, liabilities, or owner's equity.
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| show | A record summarizing all the information pertaining to a single item in the accounting equation
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| show | The name given to an account
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| show | The amount in an account
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| Capital | show 🗑
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| Revenue | show 🗑
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| show | A sale for which cash will be received at a later date
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| Expense | show 🗑
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| show | Assets taken out of a business for the owner's personal use
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| T Account | show 🗑
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| show | An amount recorded on the left side of a T-account
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| show | An amount recorded on the right side of a T-account
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| show | The side of the account that is increased
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| Chart of Accounts | show 🗑
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| show | A business that performs an activity for a fee
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| Proprietorship | show 🗑
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| show | The planning recording, analyzing, and interpreting of financial information
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| Accounting System | show 🗑
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| Accounting Records | show 🗑
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| Financial Statement | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mercerp53
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