Slide 1Chapter 2-1 The Recording Process Financial Accounting, Sixth Edition Chapter 2 Slide 2 Chapter 2-2 1. 1.Explain what an account is and how it helps in the recording…

1. Author Unkn, (2015) For Dummies, Website resource http://www.dummies.com/how-to/content/the-eight-steps-of-the-accounting-cycle.html As a business accountant or owner…

Financial Accounting and Accounting Standards FINANCIAL ACCOUNTING Chapter 4-â¹#⺠Record of increases and decreases in a specific asset, liability, equity, revenue,…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Slide 1 Bellringer What is the first transaction in opening up a business? Why do people start a business? What types of activities occur to operate your business? How do…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Account Name Debit / Dr. Credit / Cr. Chapter 2-* Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in…

Bellringer What is the first transaction in opening up a business? Why do people start a business? What types of activities occur to operate your business? How do businesses…

Slide 1Chapter 2-1 Slide 2 Chapter 2-2 CHAPTER 2 THE RECORDING PROCESS Accounting Principles, Eighth Edition Slide 3 Chapter 2-3 1. 1.Explain what an account is and how it…

1. Chapter2-1 2. CHAPTER 2THE RECORDING PROCESSAccounting Principles, Eighth EditionChapter2-2 3. Study ObjectivesStudy Objectives 1. Explain what an account is and how it…