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…
Accounting Adjusting Entries Data for original entries and date for adjusting entries. • • • • • • • • June 30, 2006 Love Thy Pet Inc,. paid $19,200 cash…
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…
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…
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…
1.Adjustments, Financial Statements, and the Quality of Earnings Chapter 42. Business Background Management is responsible for preparing . . . . . . Are useful to investors…
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.•…