1. INCOME SUMMARY 2. CHAPTER 1: ACCOUNTING AS AN INFORMATIONSYSTEM 1/ Accounting Equation 2/ Financial Statements 3. 1/ Accounting Equation Assets = Equities Assets= Liabilities…

Slide 1Chapter McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Accounting Records and Systems 4 Slide 2 4-2 Why learn basic record…

Slide 1Page 1 Adjusting Accounts for Financial Statement Slide 2 Page 2 JOIN KHALID AZIZ MA ECONOMICS EXTERNAL COACHING CLASSES. MICRO ECONOMICS, STATISTICS & MACRO ECONOMICS.…

Learning Objectives Describe the nature of the adjusting process. Journalize entries for accounts requiring adjustment. Summarize the adjustment process. Prepare an adjusted…

Slide 1 Warren Reeve Duchac Accounting 26e The Adjusting Process 3 C H A P T E R human/iStock/360/Getty Images Slide 2 Nature of the Adjusting Process (slide 1 of 2) The…

Slide 1 Measuring Business Income 3 Slide 2 Profitability Measurement: Issues and Ethics OBJECTIVE 1: Define net income, and explain the assumptions underlying income measurement…

Learning Objectives Describe the nature of the adjusting process. Journalize entries for accounts requiring adjustment. Summarize the adjustment process. Prepare an adjusted…

* The Adjusting Process 3 Student Version 1-* 3-* * Describe the nature of the adjusting process. 1 3-2 1-* 3-* * Prepaid expenses are the advance payment of future expenses…

Week 4: Closing The Accounts â The Adjusting Process Learning Objective 1 Describe the nature of the adjusting process. Nature of the Adjusting Process The accounting period…

Chapter # 4 Completion of Accounting Cycle Accounting Period & Financial Statements For the purpose of measuring net income and preparing financial statements, the life…