'Permanent accounts' diaporamas de présentation

Chapter Two

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Completing the Accounting Cycle

Completing the Accounting Cycle. Chapter 4. Prepare an accounting work sheet. Objective 1. The Accounting Cycle. The accounting cycle is the process by which accountants prepare financial statements for an entity for a specific period of time. The Accounting Cycle.

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Review CBM 2

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Accounting Records and Systems

4. Accounting Records and Systems. Why learn basic record keeping procedures?. Accounting is best learned by doing. Debit-credit mechanism provides an analytical framework. The Account. Device used for calculating net change Simplest form is T-account.

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Accounting Cycle

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Bellringer

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Bellringer

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Monday, November 8

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Closing the Accounting Cycle

Closing the Accounting Cycle. Closing the Accounting Cycle. Please note that all slides are available on the class website. THE ACCOUNTING CYCLE. page 217. 1. Analyzes transactions. 1. 2. Journalize. 2. 3. Post. 8. 4. Prepare work sheet. 5. Prepare financial statements. 3.

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Accounting Ch . 3 -- Analyzing Transactions

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Transactions That Affect Revenue, Expenses, and Withdrawals

Transactions That Affect Revenue, Expenses, and Withdrawals. Chapter 5. Temporary and Permanent Accounts. Permanent accounts keep a running balance that moves from the end of one accounting period to the beginning of the next. (Sometimes called Real Accounts)

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red barn

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CHAPTER 8

CHAPTER 8. Recording Adjusting Entries and Closing Entries for a Service Business. 8-1 RECORDING ADJUSTING ENTRIES. We record our adjustments on the worksheet , but we also have to journalize them so we can post them to the general ledger accounts.

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Chapter 6

Chapter 6. Closing Process and Financial Statements. LO1. Learning Objective 1 Prepare a work sheet and explain its usefulness. ?Enter unadjusted trial balance. LO1. Use of a Work Sheet. ?Enter adjustments. LO1. Use of a Work Sheet. ?Prepare adjusted trial balance. LO1.

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Management

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CMA - Part 2 Financial Decision Making

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Chapter 5

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Mr. Belolan

Ch. 5 Posting Transactions from the General Journal. Mr. Belolan. Objectives. Describe the steps followed in the posting process Accurately post business transactions from a general journal to accounts in the ledger Prepare a trial balance Record correcting entries in general journal.

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ACTG 2110

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