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Business Accounting

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

By: Andrea Flaggs
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Decks in this class (6)

Chapter 1 Intro to Accounting
The purpose of accounting is to p...,
Accounting is a system of gatheri...,
The six major steps of the accoun...
23  cards
Chapter 2 Analyzing Transactions: The Accounting Equation
Is an individual association or o...,
Are items that are owned by a bus...,
Businesses may also have an asset...
25  cards
Chapter 3 The Double-Entry Framework
The fact that each transaction ha...,
Three major parts of an account are,
To determine the balance of a t a...
9  cards
Chapter 4 Journalizing and Posting Transaction
Almost any document that provides...,
A list of all accounts used by a ...,
A day by day listing of the trans...
14  cards
Chapter 5
A depreciation method that recogn...,
A depreciation method in which ra...,
A depreciation method that recogn...
4  cards
Chapter 6 Financial Statements and the Closing Process
Liabilities and owners equity sec...,
Assets are on the left and owners...,
Include cash and assets that will...
10  cards

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Business Accounting

  • Class purpose General learning

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