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Financial Accounting and Reporting Theories

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

By: Tina A
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Decks in this class (8)

Chapter 1: Introduction to Accounting
True or false accounting is a pro...,
True or false only accountable ev...,
True or false accountable events ...
115  cards
Chapter 2: Accounting Concepts and Principles
True or false accounting concepts...,
True or false the application of ...,
True or false the opposite of goi...
40  cards
Chapter 3: The Accounting Equation
True or false legal ownership is ...,
True or false you acquired a car ...,
True or false an essential elemen...
74  cards
Chapter 4: Types of Major Accounts
The basic storage of information ...,
This is income that arises in the...,
This is income that may or may no...
110  cards
Chapter 5: Books of Accounts and Double-Entry System
True or false the two books of ac...,
True or false the ledger is also ...,
True or false if a business does ...
80  cards
Chapter 6: Business Transactions and their Analysis
True or falseidentifying transact...,
True or false there can be no jou...,
True or false entity a sells good...
20  cards
Chapter 7: Posting to the Ledger
After journalizing the next step ...,
The term posting as used in accou...,
Which of the following accounting...
15  cards
Chapter 8: Adjusting Entries
Technically these refer to entrie...,
Which of the following is most li...,
Which of the following is most li...
20  cards

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Financial Accounting and Reporting Theories

  • Class purpose General learning

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