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ACCOUNTING FUNDAMENTAL BY: Bayani D. Edlagan Ma. Cecilia S. Mercado INTRODUCTION This presentation covers the concepts and practice of accounting fundamental. From the concepts…

Documents ACTG201 chap010 ppt

McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 10 Reporting and Interpreting Liabilities PowerPoint Authors: Susan Coomer…

Documents Ch 04 Review and Discussion Problems Solutions

Chapter 04 - Adjustments, Financial Statements, and the Quality of Earnings Chapter 04 Adjustments, Financial Statements, and the Quality of Earnings ANSWERS TO MULTIPLE…

Documents Accounting for Merchandising Businesses

Chapter 6 Accounting for Merchandising Businesses Accounting, 21st Edition Warren Reeve Fess © Copyright 2004 South-Western, a division of Thomson Learning. All rights reserved.…

Business Acc week 5 a

1. Net Profit Gross profit is not the actual profit of the business. The real profit of the business is the amount which remains after deduction of operating expenses. Net…

Documents Debits versus Credits By Michael Reimer. Left Side is the debit side Right side is the credit side.

Slide 1Debits versus Credits By Michael Reimer Slide 2 Left Side is the debit side Right side is the credit side Slide 3 This is where all the daily transactions of a business…

Documents Accounting cycle in service company/ Cambodian Mekong University/Chhan Rathana

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Documents Adjustments Entries

Recognition: formally recording an item in the financial statements of an entity Recognition and Measurement I know I need to record this... Measurement: quantification of…