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Principles of Accounting

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

By: John Waller
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Decks in this class (15)

Accounting Activities
1. Identify the activities and user associated with accounting; 2. Explain the building blocks of accounting: ethics, principles, and assumptions
12  cards
Accrual Basis Accounting and Adjusting
A ______ usually begins with the ...,
Many businesses use the _________...,
Under ____________ companies reco...
34  cards
Adjusting Entries for Deferrals
Make the adjustmentsthe purchase ...,
Make the adjustmentsthe purchase ...,
Make the adjustmentsan adjusting ...
15  cards
Adjusting Entries for Accruals
Prepare adjusting entries for accruals
12  cards
Financial Reporting Concepts
Listaccording to the fasb concept...,
Definerelevance conceptual framework,
Definerelevance conceptual framework
23  cards
Account Classification
1 classification 2 financial stat...,
Account classification,
Accumulated depreciation buildings
61  cards
Account Presentation
1 classification 2 financial stat...,
Account classification,
Accumulated depreciation buildings
61  cards
Adjusted Trial Balance
Describe the nature and purpose of an adjusted trial balance
21  cards
Glossary 3
Definitions
4  cards
Adjusting the Accounts MCQ
Review 3
14  cards
Glossary A
Defineaccelerated depreciation me...,
Defineaccelerated depreciation me...,
Defineaccelerated depreciation me...
16  cards
Glossary B-C
Definebad debt expense glossary,
Definebad debt expense glossary,
Definebad debt expense glossary
41  cards
Glossary D
Definedebt securities ch 15,
Definedebt securities ch 15
2  cards
AC Financial Statements
Fill in the blankthe balances of ...,
Fill in the blankthe balances of ...,
Fill in the blankthe balances of ...
35  cards
Merchandising Operations and Inventory Systems
Describe merchandising operations and inventory systems.
67  cards

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Principles of Accounting

  • Class purpose General learning

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