anything of value that is owned by the business
an amount owed by the business, it's debt
the amount remaining after all liabilities are subtracted from assets
Assets = Liabilities + Owner's Equity
transaction for the sale of goods or services results in an increase in owner's equity
a decrease in owner's equity resulting from oepration of a business
assets taken out of a business for the owner's personal use
check, sales invoice, receipt, cash register tape, memorandum
determining that the amount of cash agrees with the accounting records
recording transactions in a journal
Special amount column
journal amount column headed with an account title
General amount column
journal amount column that is not headed with an account title
a ledger that contains all accounts needed to prepare financial statements
transferring information from a journal to a ledger account
Only requires the endorser's signature
Transfers ownership of a check to a new owner
Further transfers of checks is not allowed
Bank refused to pay
computerized cash payments
bank card that automatically deducts the amount of a purchase from a checking account of the cardholder
amount of cash kept on hand and used to make small payments
business that performs an activity for a fee
business owned by one person
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