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BAC 111: Fundamentals of Accounting Part 1 (Sole Proprietorship)

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

By: Louise Tongco
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Decks in this class (15)

Accounting Process: Chapter 1
Financial statement a progress re...,
Father of accounting,
Financial statement a performance...
31  cards
Accounting Process: Chapter 2
_______ accounting is a career fi...,
The routine activity of recording...,
_________ accounting involves the...
32  cards
Accounting Process: Chapter 3
Three elements of the statement o...,
Two elements of the statement of ...,
Economic resources owned and cont...
35  cards
Accounting Process: Chapter 4
__________ recognizes revenue whe...,
__________ recognizes expenses wh...,
Expense is recognized when revenu...
24  cards
Accounting Process: Chapter 5
It is a series of steps taken in ...,
It is the book of original entry,
It is the book of final entry
34  cards
Accounting Process: Chapter 6
It represents the compensation pa...,
Employees salaries workers ________,
Employees __________ workers wages
28  cards
Accounting Process: Chapter 7
It is an accounting period 12 mon...,
It is an accounting period 12 mon...,
Adjusting entry income that is al...
22  cards
Accounting Process: Chapter 8
______________ are those intended...,
It provides information regarding...,
It shows the changes in the inter...
19  cards
Accounting Process: Chapter 9
A person who buys and sells goods...,
A _______ is one who buys in bulk...,
A _______ buys merchandise from t...
19  cards
Accounting Process: Chapter 10
0  cards
Accounting Process: Chapter 11
0  cards
Accounting Process: Chapter 12
0  cards
Accounting Process: Chapter 13
It is a plan of organization desi...,
It is the foundation of internal ...,
It requires a set of procedures t...
19  cards
PRELIM
0  cards
MIDTERM
Business borrowed cash from pnba ...,
Business purchased buildinga oper...,
Business pays for advertisinga op...
13  cards

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BAC 111: Fundamentals of Accounting Part 1 (Sole Proprietorship)

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