Accounting Review Part 1*

Front

Information for each transaction recorded in a journal.

Back

Journal

Front

Anything of value that is owned is called a(n)

Back

asset

Front

The amount remaining after the value of all liabilities is subtracted from the value of all assets is called

Back

owner's equity

Front

Assets= Capital+--------------.

Back

LIABILITY

Front

Information for each transaction recorded in a journal.

Back

Journal

Front

Recording transactions in a journal

Back

Journalizing

Front

Information for each transaction recorded in a journal.

Back

Entry

Front

The recording of debit and credit parts of a transaction

Back

Double-entry accounting

Front

A business paper from which information is obtained for a journal entry

Back

Source document

Front

A business form ordering a bank to pay cash from a bank account

Back

Check