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accounting netes 1 accounting notes 2 accounting notes 3, Lecture notes of Accounting

accounting netes 1 accounting notes 2 accounting notes 3

Typology: Lecture notes

2020/2021

Available from 10/04/2023

dandy-ahmad
dandy-ahmad 🇺🇸

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Asset Records
Charge for an increase (+)
Credit for the Decline (-)
Accounts for Liability
Charge for an increase (+)
Credit for the Decline (-)
Equity Accounts of Owners
Charge for an increase (+)
Credit for the Decline (-)
Revenue Tracking
Charge for an increase (+)
Credit for the Decline (-)
Spending Account
Charge for an increase (+)
Credit for the Decline (-)
Owner Cashouts
Drawing Funds
Charge for an increase (+)
Credit for the Decline (-)
System for Accounting
A planned procedure for gathering financial information and presenting a summary of the findings in accounting records and reports
Financial Records
Financial reports that summarize a company's finances and operations
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Asset Records Charge for an increase (+) Credit for the Decline (-) Accounts for Liability Charge for an increase (+) Credit for the Decline (-) Equity Accounts of Owners Charge for an increase (+) Credit for the Decline (-) Revenue Tracking Charge for an increase (+) Credit for the Decline (-) Spending Account Charge for an increase (+) Credit for the Decline (-) Owner Cashouts Drawing Funds Charge for an increase (+) Credit for the Decline (-) System for Accounting A planned procedure for gathering financial information and presenting a summary of the findings in accounting records and reports Financial Records Financial reports that summarize a company's finances and operations

Statement of Worth A document that allows the person giving the loan to see the borrower's financial situation on a specific date and decide whether or not to lend to them. Asset Anything that is owned and has value Liability A debt that must be paid Personal Assets The difference between personal assets and personal liabilities Equity The distinction between liabilities and assets