| A | B |
|---|
| CPA | Exam to pass to become Certified Public Accountant |
| Values | Principles you live by/beliefs that are important |
| Skills | Activities you do well |
| Entry Level accounting position | Accounting clerk |
| Ethics | Standards of moral conduct/right and wrong |
| Example of ethical behavior | Behaving honestly |
| Second question for ethical decisions | Does this violate company/professional standards |
| An example of good business ethics | Refusing to gossip about others |
| Spreadsheet formula | mathmatical functions in a cell |
| Spreadsheet column | Identified by letters at the top of the spreadsheet |
| Spreadsheet row | Identified by numbers at the side of the spreadsheet |
| A commom spreadsheet program | Microsft Excel |
| Spreadsheet "label" | Words on a spreadsheet |
| Spreadsheet "value" | Numeric values on a spreadsheet |
| these accounts have a debit balance | Assets, Drawing, Expenses |
| These accounts have a credit balance | Liabilities, Revenue, Owner's Equity |
| Normal Balance of a Liability | Credit |
| Normal Balance of Accounts Receivable | Debit |
| Revenue | Increase in Owner's equity resulting from a sale |
| Expense | Decrease in owner's equity from a cost of doing business |
| Withdrawals | Asssets taken out of a business for owner's use |
| Chart of Accounts | List of accounts used by a business |
| Owner's Equity | the amount remaining after liab are subtracted from assets |
| Net Income | This increases owner's equity |
