Download e-book for kindle: Accounting Principles I (Cliffs Quick Review) by Elizabeth A Minbiole

By Elizabeth A Minbiole

ISBN-10: 0764577743

ISBN-13: 9780764577741

ISBN-10: 0822053098

ISBN-13: 9780822053095

CliffsQuickReview path courses hide the necessities of your hardest sessions. Get an organization grip on middle techniques and key fabric, and try out your newfound wisdom with evaluation questions.CliffsQuickReview Accounting rules I is your logical, easy-to-grasp consultant to knowing the language of industrial. This advisor introduces every one subject, defines key words, and walks you thru every one pattern challenge step by step. very quickly, you may be able to take on the most important techniques during this publication such asGenerally authorised accounting principlesDouble-entry bookkeepingAdjustments and monetary statementsInventory systemsSubsidiary ledgers and distinct journalsCash controlsEvaluating debts receivableOperating assetsCliffsQuickReview Accounting ideas I acts as a complement in your textbook and to school room lectures. Use this reference whatsoever that matches your individual sort for learn and assessment — you opt what works top along with your wishes. no matter if you learn the e-book from disguise to hide or specialize in decide on subject matters, you usually get transparent, jargon-free causes of the basics, supplemented with equations, charts, and tables.With titles on hand for the entire most well-liked highschool and school classes, CliffsQuickReview courses are a entire source that may assist you get the absolute best grades.

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Additional info for Accounting Principles I (Cliffs Quick Review)

Example text

__770 . 29 Transaction 6 : On April 5, Mr. Green purchases $50 worth of offic e supplies, placing the purchase on his account with the store rathe r than paying cash . Supplies are a prepaid expense (an asset) until the y are used and thereby become a cost of doing business (an expense). Therefore, an asset account (supplies) increases and is debited fo r $50 . Since Mr. Green places the purchase on his account with th e store, a liability account (accounts payable) increases and is credite d for $50 .

R;•: . ► '• :►:;•N, . ;,y~•' . •; . ; ;Y : •. ; :r. ;. ;:~j:;M. i►:'*". :•~ ~ i ____30 Supplies Expense Supplies ------------- Suppliesused 540 25 140 25 Supplies Expense Date Explanation 20X2 Apr_30 Sue Plies used 540 Ref. Debit Credit Balance GJ3 _ _ _25 ____ _ _ _ 25 Supplies Date ~,' . Explanation Ref. ~M ;~•:: ::q' . r• . a . ` . ~ : •. •' r: . a.

I . •I• . :. 't: . ~:; Vie'. ~T' 7.. ;T:;~1' : ;fir. q;: '••' ;~► :'•+~ . ~. H . •~•''• ' ~~ { law ( f~ ff f f .. , P. ;•q!. ~!. ; •i ` . ~• . :. • '. •. ~r••. •'L• L •~ V t'0 . 'L:r'•~ • L•rr' r• ~•' • GJ2 _ _ _ 250 _ _ _ _ _ _ _ _6,35 5 Accounts Receivable 11 0 Customer ayments _ p- Explanation Ref . L~•~•i~L•~~•, . :. L . ' . •;'r. } -7-0j Customer a ments _ p y ACCOUNTING PRINCIPLES 1 The Trial Balanc e After posting all transactions from an accounting period, accountant s prepare a trial balance to verify that the total of all accounts wit h debit balances equals the total of all accounts with credit balances .

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Accounting Principles I (Cliffs Quick Review) by Elizabeth A Minbiole


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