voc for mid-term test
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a record summarizing all the information pertaining to a single item in the accounting equation | show 🗑
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the amount in an account | show 🗑
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show | account title
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show | accounting
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show | accounting equation
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show | accounting records
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a planned process for providing financial information that will be useful to management | show 🗑
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anything of value that is owned | show 🗑
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show | business ethics
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the account used to summarize the owner's equity in a business | show 🗑
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financial rights to the assets of a business | show 🗑
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show | ethics
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a decrease in owner's equity resulting from the opperation of a business | show 🗑
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financial reports that summarize the financial conditions and operations of a business | show 🗑
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an amount owed by a business | show 🗑
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the amount remaining after the value of all liabilities is subtracted from the value of all assets | show 🗑
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a business owned by one person | show 🗑
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show | revenue
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a sale for which cash will be received at a later date | show 🗑
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a business that performs an activity for a fee | show 🗑
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a business activity that changes assets, liabilties, or owner's equity | show 🗑
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show | withdrawals
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show | chart of accounts
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show | credit
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an amount recorded on the left side of a T account | show 🗑
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the side of the account that is increased | show 🗑
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show | T account
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a business form ordering a bank to pay cash from a bank account | show 🗑
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show | double-entry accounting
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information for each transaction recorded in a journal | show 🗑
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show | general journal
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show | invoice
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a form for recording transactions in chronological order | show 🗑
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show | jornalizing
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show | memorandum
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a business form giving written acknowledgement for cash received | show 🗑
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an invoice used as a source document for recording a sale on account | show 🗑
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show | source document
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show | account number
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a journal entry made to correct an error in the ledger | show 🗑
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show | file maintenance
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show | general ledger
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show | ledger
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show | opening an account
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show | posting
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determinig that the amount of cash agrees with the balance of the cash account in the accounting records | 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:
tori22
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