accounting 101

corporation

Select the type of business that is most likely to obtain large amounts of resources by issuing stock.

trial balance

That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a(n):

journal

The ____ is where a transaction can first be found in the accounting records

journalizing

The process of initially recording a business transaction is called

A chart of accounts is

a listing of accounts in financial statement order

in which order are the accounts listed in the chart of accounts?

assets, liabilities, stockholders' equity, revenues, expenses

trial balance

Of the following, which is an internal report that will determine if the total of the debit balances equal the total of the credit balances in the ledger?

DEA

debits
devedens
expenses
assets

Lazy
Racoons
Crash
Cars

Liabilities
revenue
capital stock
credit

income statement

The ____ is where a transaction can first be found in the accounting records.

chart of accounts

Of the following, which is an internal report that will determine if the total of the debit balances equal the total of the credit balances in the ledger?

debit
equity
income statement

wage expense

credit
liability
balance sheet

Accounts Payable

debit
asset
balance sheet

supplies

credit
balance sheet
liability

un earned revenue

debit
asset
balance sheet

equipment

debit
equity
income statement

expense

credit
revenue
income statement

fees earned

debit
equity
retained earnings statement

dividends

credit
equity
balance sheet

capital stock

asset credit balance sheet

revenue

retained earnings

credit
equity

cash

debit
asset
balance sheet

pre-paid expense

debit
asset
balance sheet

(+) debit accounts

assets
expenses
dividends

(+) credit accounts

liabiliys?
equity
revenues

...

...

corporation

Select the type of business that is most likely to obtain large amounts of resources by issuing stock.

trial balance

That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a(n):

journal

The ____ is where a transaction can first be found in the accounting records

journalizing

The process of initially recording a business transaction is called

A chart of accounts is

a listing of accounts in financial statement order

in which order are the accounts listed in the chart of accounts?

assets, liabilities, stockholders' equity, revenues, expenses

trial balance

Of the following, which is an internal report that will determine if the total of the debit balances equal the total of the credit balances in the ledger?

DEA

debits
devedens
expenses
assets

Lazy
Racoons
Crash
Cars

Liabilities
revenue
capital stock
credit

income statement

The ____ is where a transaction can first be found in the accounting records.

chart of accounts

Of the following, which is an internal report that will determine if the total of the debit balances equal the total of the credit balances in the ledger?

debit
equity
income statement

wage expense

credit
liability
balance sheet

Accounts Payable

debit
asset
balance sheet

supplies

credit
balance sheet
liability

un earned revenue

debit
asset
balance sheet

equipment

debit
equity
income statement

expense

credit
revenue
income statement

fees earned

debit
equity
retained earnings statement

dividends

credit
equity
balance sheet

capital stock

asset credit balance sheet

revenue

retained earnings

credit
equity

cash

debit
asset
balance sheet

pre-paid expense

debit
asset
balance sheet

(+) debit accounts

assets
expenses
dividends

(+) credit accounts

liabiliys?
equity
revenues

...

...