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ACCT201

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

By: Nick Baker
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Decks in this class (12)

CH1 - Intro to Accounting and Business
What makes accounting information...,
Three objectives of accounting 1,
Difference between financial acco...
56  cards
CH2 - Analyzing Transactions
An accounting form that is used t...,
The amount of the difference betw...,
An account used for a proprietors...
16  cards
CH3 - The Adjusting Process
The accounting concept that assum...,
Under this basis of accounting re...,
Expenses that have been incurred ...
20  cards
CH4 - Completing the Accounting Cycle
The process that begins with anal...,
Another name for the income summa...,
The entries that transfer the bal...
18  cards
CH5 - Accounting Systems
The methods and procedures used b...,
The special journal in which all ...,
The special journal in which all ...
13  cards
CH6 - Accounting for Merchandising Businesses
The form of balance sheet that re...,
Expenses incurred in the administ...,
The cost that is reported as an e...
28  cards
CH7 - Inventories
Merchandise that is shipped by ma...,
The name for the retailer in a co...,
The name for the manufacturer in ...
16  cards
CH8 - Sarbanes-Oxley, Internal Control, and Cash
The analysis that details the ite...,
Coins currency paper money checks...,
Highly liquid investments that ar...
14  cards
CH9 - Receivables
The relationship between net sale...,
The process of analyzing the acco...,
The contra asset account for acco...
12  cards
CH10 - Fixed Assets and Intangible Assets
A depreciation method that provid...,
The periodic transfer of the cost...,
The cost of a fixed asset minus a...
22  cards
CH11 - Current Liabilities and Payroll
Liabilities that may arise from p...,
A company s ability to pay its cu...,
A pension plan that promises empl...
12  cards
CH12 - Accounting for Partnerships and Limited Liability Companies
The debit balance in the owner s ...,
A business form consisting of one...,
The winding up process when a par...
10  cards

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ACCT201

  • Class purpose General learning

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