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accounting

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

By: Megan Wise
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Decks in this class (13)

chapter 1
What are the two categories of users,
What are internal users,
What are external users
42  cards
chapter 2
How are assets and liabilities pr...,
How is an asset classified as cur...,
How is a liability classified as ...
56  cards
chapter 3
What is the first step in the acc...,
What is the accounting equation,
How do you calculate retained ear...
28  cards
chapter 4
What is accrual accounting,
What is cash accounting,
What is revenue like for cash bas...
26  cards
chapter 5
Items with the following characte...,
What is a retailer,
What is a wholesaler
65  cards
chapter 7
What is an internal control,
What are the two types of interna...,
What are the five components of t...
67  cards
chapter 6
To determine the amount of invent...,
Goods in transit should be includ...,
What is consignment
31  cards
chapter 8
What are the three types of recei...,
What are accounts recievable,
What are notes receivable
33  cards
chapter 9
Property plant and equipment will...,
Ppe will typically be recorded at...,
The cost of land should include w...
65  cards
chapter 10
What are current liabilities,
What are financial liabilities,
How are liabilities be reported i...
53  cards
chapter 11
What is a corporation,
What is a public corporation,
What is a private corporation
73  cards
chapter 13
Companies can choose between whic...,
Which method do companies prefer ...,
What is the general format of the...
24  cards
chapter 14
What are the three types of compa...,
What are liquidity ratios,
What are the liquidity ratios
24  cards

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accounting

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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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