A special journal used for recording purchase of merchandise.

This journal is intended for recording receipts.

This is used for recording transactions such as return of goods to the seller due to defective goods.

This type of journal where the bookkeeper records transactions relating to payment by

cash

This is used for recording transactions relating to the return of goods by the buyer

due to defective goods.

Refers to the process of recording to the journal.

The type of account of Capital.

This is the first step in journalizing.

This item is NOT written in the Particular column.

This is initially written on the first line of a particular column.

The act of funding and allocating resources or assets in business with the purpose of generating income.

This can be used as an investment tool.

This is an excess of assets over liabilities.

This is an example of equity.

Aside from money, this can also be invested to start up a business.

The effect of owner's investment to owner's capital

In the business transaction "The owner invested cash in the business". What is the account debited?

In the business transaction "The owner invested machine in the business." What is the account credited?

This refers to debts or obligations of a business.

This means to buy something.

This account decreases in credit.

In journalizing, this item is written on the first line of Particular column.

This account is debited in the transaction purchased supplies on note.

The cost incurred to produce and generate revenue or income

The effect of owner's investment to asset.

Things with value owned by business.

The account credited in the business transaction " Paid salary expense in cash.

Where does salary expense are recorded when it increases?

Where do we record when cash is increases?

What type of account is the owner's drawing?

Which of the following items is the correct way of writing the owner's drawing account?

In journalizing, where does the owner’s drawing is recorded?

What is the effect of owner's withdrawal on drawing account?

What happens to a cash account when the owner withdrew cash?

What does withdraw mean?

Which item is recorded in the debit column in this transaction " Lopez withdrew 5,000.00 for personal use"?

Where do we record Drawing when it increases?

Which item is the account credited in this transaction " Lopez withdrew cash 5,000.00 for personal use"?

Which item is the explanation for the business transaction " Lopez, withdrew cash 50,000.00 for personal use"?