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Accouting 101

This class was created by Brainscape user Huan Elwood. Visit their profile to learn more about the creator.

By: Huan Elwood
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Decks in this class (15)

Ch. 1-3 Practice Questions
The term used to describe the tot...,
Which of the following didn t res...,
The financial statement contains ...
15  cards
Chapter 1: Introduction to Financial Statements
Accounting 1,
Internal users 2,
External users 3
42  cards
Chapter 2: Detailed Financial Statements
4 types of assets 1,
5 types of current assets 2,
3 types of liabilities and stockh...
22  cards
Chapter 3: The Accounting Information System
Assets left debit 1,
Liabilities right credit 2,
Accounting information system 3
7  cards
Chapter 4: Accrual Accounting
Accrual basis accounting 1,
Accrued expenses 2,
Accrued revenues 3
27  cards
Chapter 5: Merchandising Operations and Multi-step Income Statement
Comprehensive income 1,
Comprehensive income statement 2,
Contra revenue account 3
26  cards
Chapter 6: Reporting and Analyzing Inventory
Average cost method 1,
Consigned goods 2,
Current replacement cost 3
17  cards
Ch. 4-6 Practice Questions
Accountants have developed two pr...,
Which of the following is not tru...,
In order for revenues to be recor...
30  cards
Ch. 4-6 Textbook Questions
Adjusted entries for unearned rev...,
Adjusted entries for prepaid expe...,
Colleen mooney earned salary of 4...
20  cards
Ch. 7-10 Practice Questions
The principles of internal contro...,
The following measure is recommen...,
The concept of reasonable assuran...
40  cards
Ch. 7-10 Textbook Questions
Which of the following is not an ...,
Internal control is used in a bus...,
The principles of internal contro...
74  cards
Chapter 7: Fraud, Internal Control, and Cash
Bank reconciliation 1,
Bank statement 2,
Bonding 3
20  cards
Chapter 8: Reporting and Analyzing Receivables
Accounts receivable 1,
Accounts receivable turnover 2,
Aging the accounts receivable 3
18  cards
Chapter 9: Reporting and Analyzing Long‐Lived Assets
Accelerated depreciation method 1,
Additions and improvements 2,
Amortization 3
27  cards
Chapter 10: Reporting and Analyzing Liabilities
Bond certificate 1,
Bonds 2,
Callable bonds 3
26  cards

More about
Accouting 101

  • Class purpose General learning

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