100+ 55 supplies expense PowerPoint (PPT) Presentations, 55 supplies expense PPTs

55 supplies expense - PowerPoint PPT Presentation

Learning Objectives

Power Notes. Chapter F2. Analyzing Transactions. 1. Usefulness of an Account 2. Characteristics of an Account 3. Analyzing and Summarizing Transactions 4. Illustration of Analyzing and Summarizing 5. Trial Balance 6. Discovery and Correction of Errors

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Errors

Errors. Errors that will not cause the trial balance to be unequal:. 1. Failure to record a transaction or to post a transaction. 2. Recording the same wrong amount for both the debit and the credit parts of a transaction. 3. Recording the same transaction more than once.

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740 views • 55 slides

Chapter 3

Chapter 3. The Matching Concept and the Adjusting Process. Key Terms. accrual basis recognition matching deferred revenues accrued expenses prepaid expenses accumulated depreciation contra accounts. Objectives.

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Ch 03 The Matching Concept and the Adjusting Process

Ch 03 The Matching Concept and the Adjusting Process. 1. The Matching Concept 2. Nature of the Adjusting Process 3. Recording Adjusting Entries 4. Summary of Adjustment Process 5. Financial Analysis and Interpretation. Learning Objectives. Reporting Revenue and Expense. TWO METHODS.

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613 views • 42 slides

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55 supplies expense - PowerPoint PPT Presentation

Learning Objectives

Errors

Chapter 3

Ch 03 The Matching Concept and the Adjusting Process