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Accouting 101

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

By: Huan Elwood
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Decks in this class (15)

Ch. 1-3 Practice Questions
The term used to describe the tot...,
Which of the following didnt resu...,
The financial statement contains ...
15  cards
Chapter 1: Introduction to Financial Statements
Accounting,
Internal users,
External users
42  cards
Chapter 2: Detailed Financial Statements
4 types of assets,
5 types of current assets,
3 types of liabilities and stockh...
22  cards
Chapter 3: The Accounting Information System
Assets left debit,
Liabilities right credit,
Accounting information system
7  cards
Chapter 4: Accrual Accounting
Accrual basis accounting,
Accrued expenses,
Accrued revenues
27  cards
Chapter 5: Merchandising Operations and Multi-step Income Statement
Comprehensive income,
Comprehensive income statement,
Contra revenue account
26  cards
Chapter 6: Reporting and Analyzing Inventory
Average cost method,
Consigned goods,
Current replacement cost
17  cards
Ch. 4-6 Practice Questions
Accountants have developed two pr...,
Which of the following is not tru...,
In order for revenues to be recor...
30  cards
Ch. 4-6 Textbook Questions
Adjusted entries for unearned rev...,
Adjusted entries for prepaid expe...,
Colleen mooney earned salary of 4...
20  cards
Ch. 7-10 Practice Questions
The principles of internal contro...,
The following measure is recommen...,
The concept of reasonable assuran...
40  cards
Ch. 7-10 Textbook Questions
Which of the following is not an ...,
Internal control is used in a bus...,
The principles of internal contro...
74  cards
Chapter 7: Fraud, Internal Control, and Cash
Bank reconciliation,
Bank statement,
Bonding
20  cards
Chapter 8: Reporting and Analyzing Receivables
Accounts receivable,
Accounts receivable turnover,
Aging the accounts receivable
18  cards
Chapter 9: Reporting and Analyzing Long‐Lived Assets
Accelerated depreciation method,
Additions and improvements,
Amortization
27  cards
Chapter 10: Reporting and Analyzing Liabilities
Bond certificate,
Bonds,
Callable bonds
26  cards

More about
Accouting 101

  • Class purpose General learning

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