'Supplies expense' diaporamas de présentation

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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Chapter 3

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McGraw-Hill Ryerson

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STUDY OBJECTIVES After studying this chapter, you should understand:

ACCRUALS AND DEFERRALS. STUDY OBJECTIVES After studying this chapter, you should understand:. STUDY OBJECTIVE 1 TIME PERIOD ASSUMPTION. The time period assumption assumes that the economic life of a business can be divided into artificial time periods.

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STUDY OBJECTIVES After studying this chapter, you should understand:

ADJUSTING THE ACCOUNTS. STUDY OBJECTIVES After studying this chapter, you should understand:. STUDY OBJECTIVE 1 TIME PERIOD ASSUMPTION. The time period assumption assumes that the economic life of a business can be divided into artificial time periods.

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Chapter 3 Adjusting the Accounts

Chapter 3 Adjusting the Accounts. ACT 201 Lecture By: Ms. Adina Malik. Timing Issues. Time Period Assumption: Also called periodicity assumption Accountants divide the economic life of a business into artificial time periods

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Balancing a T-Account

Balancing a T-Account. 10,950. Cash. First, foot the debit side. 3,750 4,300 2,900. 850 1,400 700 2,900. 10,950. 5,850. Cash. 3,750 4,300 2,900. 850 1,400 700 2,900. Next, foot the credit side. 10,950. 5,850.

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Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financ

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McGraw-Hill Ryerson

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UNIT-4 Acct - 103

UNIT-4 Acct - 103. College of Business Administration, Al-Kharj Salman Bin Abdulaziz University KINGDOM OF SAUDI ARABIA. Syllabus Trial Balance: Meaning, Importance and Preparation of Trial Balance. MEANING & PURPOSE TRIAL BALANCE ???.

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By: Kristi Jeffres

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What are the account classifications

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Sample Problem

Sample Problem. Chapter 13. Journalizing adjusting and reversing entries. The data below concerns adjustments to be made at Vaughn Company. INSTRUCTIONS Record the adjusting entries in the general journal as of December 31, 2007. Use 25 as the first journal page number. Include descriptions.

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