This class was created by Brainscape user Jocelynn Smith. Visit their profile to learn more about the creator.
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Jocelynn Smith
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Decks in this class (10)
Chapter 1
What is gaap land,
Who makes the rules that govern g...,
How did sec get ultimate authority
28
cards
Chapter 2
What is the basic accounting equa...,
Define double entry accounting,
What are assets
30
cards
Chapter 3
What is the basic income statement,
What is a revenue and when is it ...,
What is an expense and when is it...
21
cards
Chapter 4
What is the accounting cycle,
What is a trial balance,
How does unadjusted trial balance...
20
cards
Chapter 6
What is inventory,
What account is inventory considered,
What sells services collects cash...
30
cards
Chapter 7
Used the least small businesses w...,
What is fifo,
What is lifo
26
cards
Chapter 8
What is the definition of account...,
Why do we have to estimate bad de...,
What kind of account is allowance...
30
cards
Chapter 9
What does pp e stand for,
What are the three things that ma...,
What does it mean for an asset to...
16
cards
Chapter 10
What is the definition of an acco...,
What is the difference between a ...,
What are some examples of current...
27
cards
Chapter 11
What is the normal balance for se...,
What does the statement of stockh...,
What account is treasury stock
30
cards
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ACCT 2010
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