Term
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Definition
| Planning, recording, analyzing, and interpreting finacial information. |
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Term
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Definition
| A planned process for providing financial information that will be used to management. |
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Definition
| Organized summaries of a business's financial activities. |
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| A business that performs an acitvity for a fee. |
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Definition
| A business owned byh one person. |
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Definition
| Anything of vaule because they can be used to acquire other asset or be used ot operate a business. |
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Definition
| Finanacial rights to the assets of a business. |
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Definition
| An amount owed by a business. |
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Term
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Definition
| The amount remaining after the value of all liabilities is subtracted from the vaule of all assets. |
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Term
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Definition
| An equation showing the relationship among assets, liabilitiess, and owner's equity. |
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Term
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Definition
| A business activities change the amounts in the accounting equation. |
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Term
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Definition
| A business activities change the amounts in the accounting equation. |
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Term
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Definition
| A record summarizing all the information pertaining to a single item in the accounting Equation. |
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Term
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Definition
| The name given to an account |
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Term
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Definition
| The amount in an account. |
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Term
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Definition
| The Account used to summarize the owner's equity in a business. |
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Term
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Definition
| A financial statement that reports assets, liabilities, and owner's equity on a specific date. |
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Term
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Definition
| An increase in owner's equity resulting from the operation of a business. |
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Term
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Definition
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Term
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Definition
| A decrease in owner's equity resulting form the operation of a business. |
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Definition
| Assets taken out a business for the owner's personal use. |
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Term
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Definition
| An accounting device used to analyze transactions. |
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Term
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Definition
| An amount recorded on the left side. |
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Term
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Definition
| An anount on the right side. |
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Term
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Definition
| The side of the account that is increase. |
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Term
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Definition
| A list of account used by a business. |
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Term
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Definition
| A form for recording transaction in chronological order. |
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Term
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Definition
| Recording transactions a journal. |
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Term
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Definition
| A journal amount column headed with an account title |
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Term
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Definition
| A joural amount column that is not headed with an account title. |
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Term
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Definition
| Infromation for each transaction recorded in a journal. |
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Term
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Definition
| The recording of debit and credit parts of a transaction. |
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Term
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Definition
| A business paper form which information is obtained for a journal. |
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Term
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Definition
| A business form odering a bank to pay cash form a bank account. |
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Term
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Definition
| A form decribing the goods or services sold, the quantity, and the price. |
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Term
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Definition
| An invoice used as a source document for recording a sale on account. |
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Term
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Definition
| A business form giving written acknowlwdgement for cash received. |
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Term
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Definition
| A form on which a breif message is written describing a transaction. |
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Term
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Definition
| Determining that the amount of cash agrees with the accounting records. |
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Term
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Definition
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Term
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Definition
| A ledger that contains all accounts needed to perpare financial statements. |
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Term
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Definition
| The number assigned to an account. |
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Term
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Definition
| The procedure for arranging accounts in a general ledger, assigning account numbers. and keeping records current. |
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Term
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Definition
| Writing an account title and number on the heading of an account. |
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Term
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Definition
| Tranferring information form a journal entry to a ledger account. |
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Term
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Definition
| In such a case, the incorrect journal entry should be corrected with an additional journal entry. |
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Term
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Definition
| A bank account form which payments can be ordered by a depositor. |
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Term
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Definition
| A signature or stamp on the back of a check tranferring ownership. |
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Term
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Definition
| An endorsement consisting only of the endorser's sinature. |
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Term
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Definition
| An endorsement inidicating a new owner of a check. |
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Term
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Definition
| An endorsement restricting further tranfer of a check ownership. |
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Term
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Definition
| A check with a future date on it. |
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Definition
| A report of deposits, withdrawls, and bank balances sent to a depositors by a bank. |
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Term
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Definition
| A check that a bank refuses to pay. |
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Term
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Definition
| A compuerized cash payments system that uses electronic inpulses to transfer funds. |
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Term
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Definition
| A bank card that, when making purchases automatically deducts the amount of the purhcase from the checking account of the cardholder. |
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Term
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Definition
| An amount of cash kept on hand and used for making small payments. |
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Term
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Definition
| A from showing proof of a petty cash payment. |
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