Introduction to Bookkeeping
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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Account Payable | show 🗑
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show | involves maintaining financial records for a business, either your own or within the accounting department of another business.
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show | business that performs a service for payment.
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show | a person who records and account for the exchange of money for services, as well as money for goods.
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Accounting | show 🗑
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Account | show 🗑
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show | the name given to an account.
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Account Balance | show 🗑
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show | any activity that occurs in the business that changes part of the accounting equation (assets, liabilities, or owner's equity)
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show | anything of value owned & used in a business.
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show | any money owed.
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Owner's Equity | show 🗑
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Debtor | show 🗑
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show | Assets = Liabilities - Owner's Equity (left side must always equal the right side)
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show | an entity or person who has lent money.
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Balance Sheet | 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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