©2017 Mr. Breitsprecher & BreitLinks (www.breitLinks.com). All Rights Reserved Unit 1 Accounting Review
Accounting Review: Unit 1 Name: ________________________
1. Cash Accounting
2. Accrual Accounting
3. Managerial Accounting
4. Financial Accounting
5. Financial Statements
6. Balance Sheet
7. Income Statement
8. Owner’s Equity Statement
9. Cash Flow Statement
10. Service business
11. Merchandising Business
12. Manufacturing Business
13. Assets
14. Liabilities
©2017 Mr. Breitsprecher & BreitLinks (www.breitLinks.com). All Rights Reserved Unit 1 Accounting Review
15. Owners’ Equity
16. Accounting Equation
17. Expanded Accounting Equation
18. Capital
19. Withdrawals (Drawings)
20. Revenue (Service Fees, Sales)
21. Expenses
22. Debit (in simplest terms)
23. Credit (in simplest terms)
24. Cash (What type of account?)
25. Accounts Receivable (Type of account?)
26. Prepaids (What type of account?)
27. Supplies (What type of account?)
28. Equipment (What type of account?)
29. Accounts Payable (Type of account?)
30. Ledger
31. Subsidiary Ledger
32. Trial Balance