'Nominal accounts' diaporamas de présentation

UNIT 3-Chapter 9

UNIT 3-Chapter 9. Completing the Accounting Cycle. The Adjustment Process. The Adjusting Process. We now know that financial statements are used extensively to assist in making business decisions.

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The Accounting Process

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The Traditional Accounting Information System

The Traditional Accounting Information System Chapter 3 Objectives Describe the nature of the traditional accounting cycle and its relationship to business events Describe the impact of IT on the traditional accounting system

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Journal (Recording of transactions)

Recording (Journal)- the primary step of Accounting Process is discussed, Accounts are segregated under the Traditional approach & the Accounting Equation Approach. Golden rules of accounting: Basis of Journal Entries is discussed.

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Double Entry Accounting System

Double Entry Accounting System. Topics Double Entry Accounting System-What it is? Cash and Accrual based Accounting Concept of Debit and Credit Revenue & Capital Accounting definitions. What is Accounting?.

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COMPLETION OF THE ACCOUNTING CYCLE - Closing Entries -

CHAPTER. 10. COMPLETION OF THE ACCOUNTING CYCLE - Closing Entries -. Worksheet Over View. 4. Extend adjusted balance to appropriate columns. 5. Calculate income/loss and complete the worksheet. 2. Enter adjustment data. 1. Prepare trial balance on the worksheet.

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Closing Entries

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Double Entry Accounting

Double Entry Accounting. MEANING OF DOUBLE ENTRY ACCOUNTING. EVERY BUSINESS TRANSACTION INVOLVES RECEIVING ASPECT AND GIVING ASPECT. EVERY DEBIT HAS AN EQUIVALENT CREDIT. CASH AND MERCANTILE SYSTEM OF DOUBLE ENTRY SYSTEM.

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Completing the Accounting Cycle

Completing the Accounting Cycle. Closing Entries. Real and Nominal Accounts. Real (Permanent) Account: an account which carries its balance into the next accounting period.

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Accounting Courses in Chandigarh

Accounting courses in chandigarh is provided by CBitss Technologies at sector 34A . We provide this course for those who want to make their career in Accounting field . For more information contact-us : 9914641983

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Marketplace at CLU

Marketplace at CLU. Creating Your Online Income Center. Marketplace Hierarchy. Store Level Detail. General Ledger Accounts. Revenue and Expense accounts are nominal accounts that are closed out at the end of each year.

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Chapter 3

Chapter 3. Accounting Information System The Basics of Financial Accounting. Accounting Information System. Collects and processes transaction data. Disseminates information to interested parties.

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