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Accounting: 201

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

By: Brock Barthol
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Decks in this class (19)

Chapter 1 Quiz:
What is a sole priopriotorship,
What is a partnership,
What is a corporation
25  cards
Chapter 2 Quiz
What is the order in which assets...,
What is the order in which liabil...,
What are some examples of short t...
34  cards
Chapter 3:
What are transactions,
What changes as a result of econo...,
What does the dual effect refer to
16  cards
Chapter 4:
What is the periodicity assumption,
What is the revenue recognition p...,
What is the expense recognition p...
20  cards
Chapter 5
What is the cost of goods sold,
Sales revenue cost of goods sold,
Describe the operating cycle of a...
25  cards
Chapter 6
How does periodic accounting diff...,
What does lifo mean,
Why does the periodic system acco...
15  cards
Equations for exam 3
Basic accounting equation,
Current ratio,
Working capital
17  cards
New Chapter 1
What are the advantages and disad...,
What are the advantages and disad...,
What are the advantages and disad...
6  cards
New Chapter 2
Describe the order of the classif...,
What do profitability ratios measure,
What do liquidity ratios measure
20  cards
New Chapter 3:
Describe the steps in the account...,
What are transcations,
What is the basic accounting equa...
8  cards
New Chapter 4:
What is the revenue recognition p...,
What is the expense recognition p...,
Describe the accrual basis of acc...
11  cards
New Chapter 5:
What is the difference between pe...,
What is required for every credit...,
What is fob destination
12  cards
New Chapter 6
Goods fob shipping point whose po...,
T f goods held in consignment sho...,
What are the cost flow assumptions
11  cards
New Chapter 7
Describe the components of the fr...,
What is the purpose of the sarban...,
What is the primary purpose of in...
15  cards
new chapter 8
What is a trade recieveable,
What is the definition of a note ...,
What is the definition of a accou...
10  cards
New Chapter 9
What are plant assets,
What are plant assets required to...,
What are capital expenditures vs ...
9  cards
Equations:
1 profitability ratios,
Gross profit,
Gross profit rate
7  cards
equations
Solvency ratios,
Debt to total assets ratio
2  cards
Equations
Liquidity ratios,
A working capital b current ratio,
C accounts receivable turnover ra...
4  cards

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Accounting: 201

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