Ch04 completing the accounting cycle
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MGMT 30A: Midterm 2
Chapter 6 Unit 11 - Completing the Accounting Cycle for a Service Business.
The Adjusting Process ACG 2021 Chapter 3. Accounting period concept: Cash basis –Revenues and expenses are reporting the income statement in the period.
Welcome to... A Game of X’s and O’s. Rules Groups of two are asked and can answer as a pair NO NOTESNO NOTES Go around the room in order 3 in a row wins.
An accounting device used to analyze transactions is a called a/an ____________ T ACCOUNT.
Accrual Accounting Concepts Chapter 3. Why is Accrual Accounting Needed? Cash received or paid Revenue earned Expense incurred.
Unit 11 – Adjusting the Books. Introducing Adjustments Not enough – (Debits = Credits) They must also be accurate. Many transactions begin in one accounting.
Chapter 4
The Accounting Equation
