Flash cards on fundamental accounting principles and the conceptual framework for South African students. (Made with love by a South African ACCN1006 student at Wits University in 2015)
|
Created by BryanTurner
over 9 years ago
|
|
Close
|
|
Created by BryanTurner
over 9 years ago
|
|
The Accrual Basis of Accounting
Define an asset
(3 points, 2 recognition criteria)
Define a liability
(3 points, 2 reconigition criteria)
Define Owner's Equity
Define an income
Define an expense
