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Financial Accounting 2503-41

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

By: Randall Laughlin
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Decks in this class (8)

The Five Journal Entries
Convert asset to expense ex prepa...,
Convert liability to revenue ex u...,
Accruing unpaid expense ex salari...
5  cards
Chapter One
What is meant by external users o...,
What is meant by the return of yo...,
What is meant by return on your i...
7  cards
Chapter Two
Capital stock,
Cost principle,
Expenses
30  cards
Chapter Three
Characteristics of net income,
When income is earned,
The effect of net income
10  cards
Cumulative
Convert asset to expense ex prepa...,
Convert liability to revenue ex u...,
Accruing unpaid expense ex salari...
52  cards
Chapter Four
1  cards
Debit and Credit Balances
Assets,
Dividends,
Expenses
6  cards
Debit and Credit Rules
How is equity increased,
How is revenue decreased,
How is an asset decreased
14  cards

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Financial Accounting 2503-41

  • Class purpose General learning

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