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Accounting College

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

By: Leidy Baeza
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Decks in this class (16)

chapter 1 businesses
Define business 1,
The objective of _______ business...,
Define profit 3
17  cards
chapter 2 businesses
Business entity concept 1,
Propriety 2,
Partnership 3
14  cards
Accounting test 1
Expanded accounting equation 1,
How many main accounts of the bus...,
Revenue from providing services i...
16  cards
Quiz 2
We use t accounts to know the ___...,
Define ledger 2,
Define chart of accounts 3
18  cards
Quiz 4- Oct. 17
Accrued revenue 1,
Accrued expenses 2,
Unearned revenues 3
6  cards
Adjusting entries Test 1
Accrual basis of accounting vs ca...,
Who uses the cash basis of accoun...,
Revenue recognition principle 3
5  cards
closing the accounts quiz NOV 21
The closing of accounts occur at ...,
Closing the accounts zeros out __...,
Closing the accounts updates the ...
11  cards
quiz 1- review
Define normal balance 1,
Normal balance of the 6 accounts 2,
Accounting formula 3
15  cards
quiz 2- admitting new partners and withdrawals 2/4/25
A person may be admitted to a par...,
When a new partner is admitted by...,
When a new partner is admitted by...
11  cards
Deam of a partner
1 1,
2 2,
3 3
5  cards
liquidation
1 1,
2 2,
3 3
4  cards
corporations
Define corporation 1,
Articles of incorporation or char...,
3 key types of people in corporat...
9  cards
corporations test1
Double taxation 1,
Accounting equation for corporati...,
Stock holder s equity consists of 3
10  cards
corporations test1 pt 2
Advantages of corporations 5 1,
Disadvantages of corporations 3 2,
Forming a corporation 4 3
10  cards
bonds quiz 1
A bond is a form of an interest b...,
The underlying contract between t...,
The face amount of each bond is c...
14  cards
BONDS (Discount)
1 interest rate 1,
2 of times interest will be paid 2,
3 discount amount 3
5  cards

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Accounting College

  • Class purpose General learning

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