Kopieren und bearbeiten

Accounting Test

Beschreibung

To help with accounting and finance test.
Isabel Fish
Karteikarten von Isabel Fish, aktualisiert more than 1 year ago
Isabel Fish
Erstellt von Isabel Fish vor fast 8 Jahre
6
0
0

Zusammenfassung der Ressource

Frage Antworten
What is the accounting equation? Assets = Liabilities + Owners Equity
What are assets? Things you own. Eg, money, car, table, equipment.
What are concepts and conventions of financial accounting? Business entity, money measurement concept, duality, going concern, prudence, realization, accrues, consistency and materially.
What is an income statement? To show the match between expenses and revenue for an accounting period.
What is the accounting cycle? Transaction -> Source Document -> Journal -> Ledger -> Trail Balance -> Adjusted Trail Balance -> Financial Statement which shows - Income statement, balance sheet and statement of cash-flows.
Zusammenfassung anzeigen Zusammenfassung ausblenden

Möchten Sie mit GoConqr kostenlos Ihre eigenen Karteikarten erstellen? Mehr erfahren.

ähnlicher Inhalt

CPA Exam Flashcards
joemontin
CPA Exam Topics and breakdown
joemontin
CPA Exam Sample Questions Pt. 1
nedtuohy
Accounting Definitions
Tess Morris
Accounting I - Objective 2 Keller
Kathleen Keller
Exam Bank 2
Valek
Specific Order Costing
Natalie Gray
COSTING SYSTMES
Francia o
Glossary of Accounting Terms
racheloucks
Unit 4 The Accounting Cycle
a.j.hemphill
Chapter One: Introduction to Accounting
charlotte.power9
Bibliothek durchsuchen