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Chapter Two Transaction Analysis

Chapter Two Transaction Analysis

Chapter Two Transaction Analysis Transactions Business Transactions are events that have a financial impact on the business (assign a $$ amount) and can be measured reliably. Transactions will impact the Assets, Liabilities, and Owners’ Equity of a firm

By ostinmannual
(272 views)

Learning Objectives After studying this chapter, you should be able to:

Learning Objectives After studying this chapter, you should be able to:

2. The Recording Process. Learning Objectives After studying this chapter, you should be able to: [1] Explain what an account is and how it helps in the recording process. [2] Define debits and credits and explain their use in recording business transactions.

By Audrey
(329 views)

Accounting I: Introduction to University Accounting

Accounting I: Introduction to University Accounting

Accounting I: Introduction to University Accounting . Susan Moore Accounting & Financial Services General Accounting. A genda. Introductions Course objectives Topics Accounting Concepts Fund Accounting Overview The Chart of Accounts Financial Reporting Questions and Answers.

By libitha
(214 views)

Exchange Stabilization Fund Foreign Currencies

Exchange Stabilization Fund Foreign Currencies

Exchange Stabilization Fund Foreign Currencies. 4295 Revaluation of Foreign Currency in the Exchange Stabilization Fund (ESF). Definition.

By moral
(118 views)

Recording Business Transactions

Recording Business Transactions

Recording Business Transactions. Chapter 2. The Accounting Process. Record transactions in the journal. Copy (post) to the ledger. Prepare the trial balance. The Account. Basic summary device

By janine
(132 views)

Transactions That Affect Assets, Liabilities, and Owner’s Equity

Transactions That Affect Assets, Liabilities, and Owner’s Equity

Chapter 4. $. Transactions That Affect Assets, Liabilities, and Owner’s Equity. $. Making Accounting Relevant Accounting and finance professionals are key to every business operation. . $.

By osborn
(162 views)

Identifying

Identifying

Identifying. John V. Balanquit. Objectives. Student will be able to : Discuss the concept of identifying Summarize the identifying process Distinguish the elements of financial statements and the accounts related to each element. Objectives. Student will be able to :

By roz
(210 views)

Chapter 3

Chapter 3

Chapter 3. The Accounting Information System. 1. Accounting Equation. A = L + SE Expanded: A = L + SE + R + G - E - L Definitions of elements. 2. Financial Statements. Balance Sheet Income Statement Statement of Stockholders’ Equity ( or Retained Earnings Statement)

By allayna
(99 views)

Flash Cards

Flash Cards

Debits/Credits Drill & Practice for Principles of Financial Accounting. Flash Cards. Susan M. Moncada, Ph.D., CPA, Indiana State University 2010. How to Use the Flashcards. Launch the PowerPoint presentation. Click on a Card’s hyperlink label .

By jadon
(110 views)

The detailed record of the changes in a particular asset, liability, or owner's equity

The detailed record of the changes in a particular asset, liability, or owner's equity

The detailed record of the changes in a particular asset, liability, or owner's equity. The book (or printout) holding all the accounts . The chronological record of transactions. A list of all the accounts with their balances.

By idola
(179 views)

TARP, GSE and BIT

TARP, GSE and BIT

TARP, GSE and BIT. USSGL BOARD MEETING May 20, 2010. Troubled Assets Relief Program (TARP). Background

By sailor
(272 views)

Accounting Chapter 2

Accounting Chapter 2

Accounting Chapter 2. USING “T” ACCOUNTS Mr. Khatcheressian 09/17/2013. Welcome!!!!. In Chapter One, transactions that affect owner’s equity on the accounting equation were analyzed. In today’s lesson, the relationship of a “T” account to the accounting equation will be shown.

By deliz
(368 views)

Lecture 4 & 5

Lecture 4 & 5

Lecture 4 & 5. THE RECORDING PROCESS -JOURNALIZING. CHAPTER 2. The Recording Process. STUDY OBJECTIVES: Explain what an account is and helps in recording process. 2) Define debit and credit. 3) Explain journal and journalizing process. Preview of CHAPTER 2. The Account.

By aliya
(138 views)

Chapter 2

Chapter 2

Chapter 2. T-accounts, Debits and Credits, Trial Balance, Financial Statements. T-accounts. Used instead of columns for each account T-account form One side of T: record increases to account (+) One side of T: record decreases to account (-) Add up each side of the T

By gus
(65 views)

Chapter 2 The Recording Process

Chapter 2 The Recording Process

Chapter 2 The Recording Process. Prepared by Chih-Liang Julian Liu Department of Industrial and Business Management Chang Gung University. Learning Objectives After studying this chapter, you should be able to:

By melodie-mckay
(237 views)

Analyzing and Recording Transactions

Analyzing and Recording Transactions

Analyzing and Recording Transactions. Chapter. 2. Learning objective. Explain the steps in processing transactions. Describe source documents and their purpose. Describe an account and its use in recording transactions.

By alyssa-obrien
(187 views)

THE ACCOUNTING INFORMATION SYSTEM

THE ACCOUNTING INFORMATION SYSTEM

THE ACCOUNTING INFORMATION SYSTEM. 3. Financial Accounting, Sixth Edition. Study Objectives. Analyze the effect of business transactions on the basic accounting equation. Explain what an account is and how it helps in the recording process.

By elvis-mccormick
(206 views)

Chapter 2

Chapter 2

The Recording Process. Chapter 2. Accounting Principles, Ninth Edition. The Account. Record of increases and decreases in a specific asset, liability, equity, revenue, or expense item. Debit = “Left” Credit = “Right”. Account. An Account can be illustrated in a T-Account form.

By samuel-watson
(81 views)

Chapter 2-1

Chapter 2-1

Chapter 2-1. Analyzing Transactions into Debit and Credit Parts. Asset Accounts. Cash Prepaid Insurance Supplies Accounts Receivable(People who owe us money—purchased services on account). Liabilities. Accounts Payable(people we owe money to). Owner’s Equity. Owner Name, Capital.

By gannon-gaines
(84 views)

Chapter 2

Chapter 2

Chapter 2. Recording Business Transactions. Key Words. Source documents 原始凭证 Journal 日记账 Ledger 分类账 Post 过账 Account 账户 Accrued liabilities 应计负债 Double-entry accounting 复式记账会计 Debit 借方(借记) Credit 贷方(贷记). Record relevant transactions and events in a journal.

By anjelita-ortiz
(162 views)

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