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TRADING ACCOUNT After preparing a tallied trial balance at the end of an accounting period, the next step is to prepare Trading Account. Meaning Trading account is one of…

Documents Accounting-Adjusting Journal Entries

Accounting Adjusting Entries Data for original entries and date for adjusting entries. • • • • • • • • June 30, 2006 Love Thy Pet Inc,. paid $19,200 cash…

Documents Chapter 3 Adjusting the Accounts-8E

CHAPTER 3—THE BASICS OF ADJUSTING ENTRIES—8th Edition Study Objectives—after studying the chapter, you should be able to: 1. 2. 3. 4. 5. 6. 7. 8. Explain the time period…

Business Warren sw06 accounting.21

1. 66124_endsheets_front.qxd 11/12/03 9:20 PM Page B The Basics 1. Accounting Equation: STATEMENT OF OWNER’S EQUITYAssets = Liabilities + Owner’s Equity A summary of…

Education Introduction to accounting

1. Miss Savige 2.  Any thing in RED write down in your books please 3.  General understanding of accounting and the language of business  Knowledge and understanding…

Education Ais Romney 2006 Slides 14 General Ledger And Reporting System

1.HAPTER 14 General Ledger and Reporting System2. INTRODUCTION Questions to be addressed in this chapter include: What information processing operations are required to update…

Documents Chapter04

1.Adjustments, Financial Statements, and the Quality of Earnings Chapter 42. Business Background Management is responsible for preparing . . . . . . Are useful to investors…

Documents Chapter 22 - Gripping IFRS ICAP 2008 (Solution of graded questions)

Solutions to Gripping IFRS : Graded Questions Statement of cash flows Kolitz & Sowden-Service, 2009 Chapter 22: Page 1 Solution 22.1 a) Debenture discount is written…

Documents Accounts Refresher.pdf

Accounts Refresher November, 2010 ZIGEDU Learning Solutions Question 1 What do you mean by Accrual Basis of Accounting? 2 © ZIGEDU Learning Solutions. All Rights Reserved.…

Education Cfa FRA #2 Financial Statement Mechanics

1. Rapid Finance 2. Rapid Finance 3. Financial Statement Elements• Definition of Assets, Liabilities and Equity• Assets and Liabilities can be long term,short term.•…