A planned process for providing financial information that will be useful to management.

Organized summaries of a business's financial activities are called this.

A record summarizing all the information pertaining to a single item in the accounting equation.

The amount in an account.

The series of accounting activities included in recording financial information for a fiscal period.

An equation showing the relationship among assets, liabilities, and owner's equity.

Select the correct accounting equation.

The number assigned to an account.

The name given to an account.

Journal entries recorded to update general ledger accounts at the end of a fiscal period.

Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.

Anything of value that is owned.

A financial statement that reports assets, liabilities, and owner's equity on a specific date.

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.

An endorsement consisting only of the endorser's signature.

The use of ethics in making business decisions.

The account used to summarize the owner's equity in a business.

A list of accounts used by a business.

A bank account from which payments can be ordered by a depositor.

Journal entries used to prepare temporary accounts for a new fiscal period.

A statement that guides the ethical behavior of a company and its employees.

An amount recorded on the right side of a T account.

An amount recorded on the left side of a T account.

The recording of debit and credit parts of a transaction.

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.

A signature or stamp on the back of a check transferring ownership.

Information for each transaction recorded in a journal.

The principles of right and wrong that guide an individual in making decisions.

A decrease in owner's equity resulting from the operation of a business.

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.

Financial reports that summarize the financial conditions and operations of a business.

The length of time for which a business summarizes and reports financial information.

GAAP; The standards and rules that accountants follow while recording and reporting financial activities.

A journal amount column that is not headed with an account title.

A ledger that contains all accounts needed to prepare financial statements.

A financial statement showing the revenue and expenses for a fiscal period.

A form for recording transactions in chronological order.

Recording transactions in a journal.

A group of accounts.

An amount owed by a business.

The difference between total revenue and total expenses when total revenue is greater.

The difference between total revenue and total expenses when total expenses are greater.

The side of the account that is increased.

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

Accounts used to accumulate information from one fiscal period to the next.

An amount of cash kept on hand and used for making small payments.

Transferring information from a journal entry to a ledger account.

A business owned by one person.

An endorsement restricting further transfer of a check's ownership.

An increase in owner's equity resulting from the operation of a business.

A sale for which cash will be received at a later date.

A business that performs an activity for a fee.

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

A journal amount column headed with an account title.

An endorsement indicating a new owner of a check.

Any persons or groups who will be affected by an action.

Source documents is which step in the accounting cycle?

Journal is which step in the accounting cycle?

Ledger is which step in the accounting cycle?

Trial balance is which step in the accounting cycle?

Adjusted trial balance is which step in the accounting cycle?

Financial Statements is which step in the accounting cycle?

Closing entries is which step in the accounting cycle?

An accounting device used to analyze transactions.

Accounts used to accumulate information until it is transferred to the owner's capital account.

A business activity that changes assets, liabilities, or owner's equity.

A proof of the equality of debits and credits in a general ledger.

Assets taken out of the business for the owner's personal use.

A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.