chapter 1
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 | accounting
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| planned process for providing financial information that will be useful to management | show 🗑
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| organized summaries of a business's financial activities | show 🗑
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| show | service business
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| show | proprietorship
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| show | asset
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| show | equities
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| an amount owed by a business | show 🗑
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| show | owner's equity
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| equation showing the relationship among assets; liabilities; & owner's equity | show 🗑
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| a business activity that changes assets, liabilities; & owner's equity | show 🗑
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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 name given to an account | show 🗑
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| the amount in an account | show 🗑
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| the account used to summarize the owner's equity in a business | show 🗑
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| show | account
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| show | language
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| you should keep personal & business records _______ | show 🗑
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| show | an equation
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| the accounting equation ALWAYS has to be _________ | show 🗑
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| show | capital account
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| when an item is bought and paid for at a later date | show 🗑
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| when cash is paid on account; what is increased? | show 🗑
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| on a balance sheet a single line means______ | 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:
kunk214
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