5 Written Questions 5 Matching Questions - Chart of Accounts -
Opening an Account - Business Entity Concept - Account Number -
Accounting Equation - a writing an account title and number on
the heading of an account. - b An equation showing the
relationship among assets, liabilities, and owner's equity. - c
financial information is recorded and reported separately from
the owner's personal financial information. - d A list of
accounts used by a business. - e The number assigned to an
account. 5 Multiple Choice Questions - a proof of the equality
of debits and credits in a general ledger. - a business owned by
one person. - an organized summary of a business's financial
activities. - the amount remaining after the value of all
liabilities is subtracted from the value of all assets. - the
length of time for which a business summarizes and reports
financial information. 5 True/False Questions Equities → the
account used to summarize the owner's equity in a business.
Permanent Accounts → accounts used to accumula