Accounting: The Basis for Business Decisions |
Contents
AN INTRODUCTION TO ACCOUNTING | 1 |
Financial Statements The Functions of an Accounting System | 9 |
THE CONCEPT | 11 |
Copyright | |
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Common terms and phrases
accounting period accounting records accounting system Accounts Payable accounts receivable accrued Accumulated depreciation adjusting entry Assume audit balance sheet bank book value capital stock cash flows cash payments cash receipts Chapter column common stock company's Compute controlling account corporation cost customers debit December 31 deductions depreciation expense discount dollar amount earnings per share employees entry to record equipment estimated Explain financial statements flow from operating gross profit illustrated income statement income tax income tax returns increase interest expense internal control investment investors invoice issued journal entries ledger accounts LIFO loss manufacturing market value marketable securities ment merchandise method month net income note payable operating activities owner's equity paid partnership payroll plant assets preferred stock Prepare purchase ratio retained earnings revenue salary sold statement of cash stockholders subsidiary ledger Supplemental Topic taxable income tion transactions treasury stock trial balance year-end