1
Q
what are daily activities?
A
tasks that are done almost everyday (ex. recording transactions)
2
Q
what are periodic activities?
A
tasks that are done in regular intervals - weekly, monthly, yearly, etc (ex. prepping balance sheets at the end of each month)
3
Q
what are miscellaneous activities?
A
accountants performing tasks they wouldn’t normally do (ex. hiring employees)
accounting
flashcards
Decks in class (15)
# Cards
-
Accounting Basics8
-
Types and Forms of Business16
-
Accounting Activities3
-
The Accounting Cycle1
-
Professional Accountants10
-
Net Worth9
-
Types of Assets and Liabilities2
-
Balance sheets5
-
Generally Accepted Accounting Principles1
-
International Financial Reporting Standards1
-
GAAP --> IFRS1
-
Business Entity Principle1
-
Cost Principle1
-
The Revaluation Model1
-
Going Concern Assumption1
