'Prepaid insurance' diaporamas de présentation

Accounting Systems

ELS. Accounting Systems. Preparing an Income Statement. Time Period Assumption. Divides the economic life of a business into artificial time periods WHY? to provide immediate feedback on how the business is doing. Time Period Assumption. Generally a month, a quarter, or a year.

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The Adjusting Process

3. The Adjusting Process. Describe the nature of the adjusting process. 1. Journalize entries for accounts requiring adjustment. 2. Summarize the adjustment process. 3. 4. Prepare an adjusted trial balance. The Adjusting Process. After studying this chapter, you should be able to:. 3-2.

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The Adjusting Process

3. The Adjusting Process. 0. After studying this chapter, you should be able to:. Describe the nature of the adjusting process. Journalize entries for accounts requiring adjustment. Summarize the adjustment process. Prepare an adjusted trial balance. 0. 3-1. Objective 1.

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Chapter 4

Chapter 4. Chapter 4 Accrual Accounting Concepts. After studying Chapter 4, you should be able to: Explain the revenue recognition principle and the matching principle. Differentiate between the cash basis and the accrual basis of accounting.

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Chapter 4: Preparing Financial Statements

Chapter 4: Preparing Financial Statements. Chapter 4 is a continuation of Chapter 3. Once the general journal entries have been posted and totaled, and a Trial Balance prepared, additional activities must be considered before preparing financials. The remaining steps in the process are:

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The Statement of Cash Flows Revisited

The Statement of Cash Flows Revisited. 21. Chapter 21. Statement of Cash Flows Revisited. CASH INFLOWS. Operating Activities. Investing Activities. Financing Activities. Sale of operational assets Sale of investments Collections of loans. Issuance of stock Issuance of bonds and notes.

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Acct 310 Accounting Review Part II

Acct 310 Accounting Review Part II. Rick Hayes, Ph.D., CPA California State University L.A. Sierra Corporation Trial Balance October 31, 2007. Debit Credit. Cash $15,200

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Demonstration Problem

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9.401 Auditing

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Chapter 3

Chapter 3. Short Problems. Short Problem 1. Solution: Insurance Premium Debit | Credit 3200 | 1600 1200 | 1500 P12100- -> answer. Short Problem 2. Solution: Net Income 100,000 Depreciation (2,000) Accounts Rec. 20,000 Supplies 15,000

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Adjusting Entries

Principles of Accounting. Adjusting Entries. Help Lesson #4. By Laurie L. Swanson This presentation is under development. Adjusting Entries. Adjusting Entries bring certain account balances up to date at the end of the accounting period. 12/31/2010 UPDATE. Adjustments.

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Accounting 1.02 VoCats

Accounting 1.02 VoCats. Test Review. In the transaction, BILLED ANDERSON COMPANY FOR WORK COMPLETED, the source document is a/an:. Check Stub Invoice Memorandum Receipt ANSWER: B. In the transaction, BOUGHT SUPPLIES ON ACCOUNT FROM DIXON SUPPLY CO., the source document is a/an:.

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LESSON 6-2

LESSON 6-2. Planning Adjusting Entries on a Work Sheet. Objectives. Define Accounting terms related to a work sheet for a services business organization organized as a proprietorship.

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College Cantina

College Cantina. Mike, Mario, Lauren, JT. Mission and Competitors. P enetrate the already existing, but limited, Mexican food market, while providing a fun and friendly atmosphere to keep people coming back. Core Competencies and Processes. Market Know-how

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Chapter 6.1

Chapter 6.1 . Worksheet for a Service Business. WARM UP-Internet Activity-10Points. Go to the homepage for the American Institute of Certified Public Accountants (AICPA) ( www.aicpa.org ) Search the site for information about career resources for students

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Ch. 7: The Balance Sheet

Ch. 7: The Balance Sheet For: Dr. Landrum By: James Esch MNA 4325 What is a Balance Sheet? A balance sheet is a snapshot of one point in time. A balance sheet includes: Assets Liabilities Equity Assets = Liabilities + Equity The Balance Sheet Current Assets:

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Review of Quiz 1

Review of Quiz 1. New Venture Development January 24, 2013. By the numbers. Average: 81.8 Standard deviation: 8.4 ( 64% scored between 73.4 and 90.2 ) Max score: 100 43 of you took advantage of extra credit. Prepaid expenses. Definition of 'Prepaid Expense'

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Balance Sheet

Balance Sheet. Mr. Hill started a new business. Prepare balance sheet entries for the following transactions . Driving instructor James Hill established a private driving school. On June 1, he invested 50 000 of his personal funds in the school.

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