| A | B |
|---|
| Account Number | The number assigned to an account is the: |
| T Account | An accounting device used to analyze transactions is a: |
| Credit | An amount recorded on the right side of a T account is a: |
| Debit | An amount recorded on the left side of a T account is a: |
| Capital | The account used to summarize the owner’s equity in a business is known as: |
| Transaction | A business activity that changes assets, liabilities, or owner’s equity is a/n: |
| Account Balance | The amount in an account is the: |
| Account Title | The name given to an account is the: |
| Account | A record summarizing all the information pertaining to a single item in the accounting equation is a/an: |
| Equities | Financial rights to the assets of a business are known as: |
| Liability | An amount owed by a business is a/an: |
| Asset | Anything of value that is owned is called: |
| Owner's Equity | The amount remaining after the value of all liabilities is subtracted from the value of all assets is: |
| Proprietorship | A business owned by one person is a/an: |
| Service Business | A business that performs an activity for a fee is called a/an: |
| Accounting Equation | An equation showing the relationship among assets, liabilities, and owner’s equity is called the: |
| Accounting Records | Organized summaries of a business’s financial activities are the: |
| Accounting | Planning, recording, analyzing, and interpreting financial information is called: |
| Accounting System | A planned process for providing financial information that will be useful to management |
