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Seth Lemon
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Decks in this class (18)
Basic & Expanded Accounting Equation
Basic equation,
Expanded equation,
Assets examples
8
cards
Accruals & Deferrals
Prepaid expenses examples,
Prepaid expenses reason for adjus...,
Prepaid expenses
12
cards
Debit & Credit
Assets,
Liabilities,
Owner s capital
7
cards
Financial Statements
Income statement,
Owner s equity statement,
Balance sheet
12
cards
Chapter 1 Terms
Accounting,
Accounting information system,
Assets
43
cards
Chapter 2 Terms
Account,
Chart of accounts,
Compound entry
17
cards
Chapter 3 Terms
Accrual basis accounting,
Accruals,
Accrued expenses
35
cards
Chapter 4 Terms
Classified balance sheet,
Closing entries,
Correcting entries
18
cards
Chapter 5 Terms
Contra revenue account,
Cost of goods sold,
Fob destination
25
cards
Chapter 6 Terms
Average cost method,
Consistency concept,
Consigned goods
20
cards
Chapter 7 Terms
Accounting information system,
Accounts payable subsidiary ledge...,
Accounts receivable subsidiary le...
12
cards
Chapter 8 Terms
Bank statement,
Bank reconciliation,
Bonding
20
cards
Chapter 9 Terms
Accounts receivable turnover,
Accounts receivable,
Aging the accounts receivable
18
cards
Chapter 10 Terms
Accelerated depreciation method,
Additions improvements,
Amortization
28
cards
Chapter 11 Terms
Bonus,
Contingent liability,
Current ratio
23
cards
Chapter 12 Terms
Admission by investment,
Admission by purchase of interest,
Capital deficiency
18
cards
Chapter 13 Terms
Authorized stock,
Charter,
Corporation
14
cards
Chapter 14 Terms
Book value per share,
Cash dividend,
Cumulative dividend
18
cards
More about
ACCT 220
- Class purpose General learning
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