Chapter 4 Completing the Accounting Cycle Questions 1. Closing entries affect temporary accounts: revenues, expenses, withdrawals, and income summary. Specifically, closing entries at the end of an accounting period prepare the revenues (and gains), expenses (and losses), and withdrawals accounts for...
Chapter4CompletingtheAccountingCycle Chapter4 CompletingtheAccountingCycle Accounting,21stEdition WarrenReeveFess Someoftheactionhasbeenautomated,soclickthemousewhenyouseethislightningboltinthelowerright-handcornerofthescreen.Youcanpointandclickanywhereonthescreen. 1. Reviewthesevenbasicstepsoftheaccountingcycle. 2....
CHAPTER 4 COMPLETING THE ACCOUNTING CYCLEThe, CompletingCycle, Accounting
Chapter 4 Completing the Accounting Cycle QUICK STUDIES Q uick Study 4-1 (10 minutes) I ncome Summary balance after closing revenues and expenses Revenues: $42,000 + $8,000... = Expenses: $31,000 + $11,000 + $5,000... = Credit balance (equal to net income) ... = M . Irvin...
Chapter Four Accounting Cycle (III) Closing Entries and Post 热度: 会计学原理英文ppt课件Chapter_04COMPLETING THE ACCOUNTING CYCLE 热度: Principles Of Accounting(会计学原理)Chapter-01(39P) 热度: Chapter4 ClosingEntriesandPost-Closing TrialBalance ...
会计学原理英文课件Chapter-04ACCOUNTING-CYCLE.ppt,ACCOUNTING CYCLEChapter 4 BENEFITS OF A WORK SHEETAids the preparation of financial statements.Reduces possibility of errors.Links accounts and their adjustments.Assists in planning and organizing an audit
e-mail me if necessary samj525@126.com 1 / 2 Chapter 1 Accounting in Business Users of Acc. Information External users: creditors & investors Internal users Know the difference between FINICIAL ACCOUNTING & MANAGERIAL ACCOUNTING Generally Accepted Accounting Principles Know what is:GAAP (...
Chapter4.TheAccountingCycle 1 WhatIstheAccountingCycle?1 of 11 1 WhatIstheAccountingCycle?Theaccountingcycleisasequenceofaccountingproceduresofrecordingbusinesstransactionsandisrepeatedduringeachaccountingperiod.Usually,anaccountingperiodisconnectedwithanaccountingyearwhichisanaccountingperiodconsistingoftwelveconsecutivemonths...
ChapterAccountingCycle4 CATALOGUE 1234 JournalizingandPostingPreparingaTrialBalance AdjustingAccountsAdjustingTrialBalance CATALOGUE 5 PreparingFinancialReporting 6 TheWorksheet 7 ClosingEntries 8 ThePost-ClosingTrialBalance INTRODUCTION ※Theaccountingcycleistheprocessofthecompleteaccountingworkofanaccountingperiodfromthe...
会计学原理英文ppt课件Chapter_04COMPLETING THE ACCOUNTING CYCLE 热度: Chapter Four Accounting Cycle (III) Closing Entries and Post 热度: Accounting Cycle SHC 1123 SHC 1123 Puan Norhalimah Idris Puan Norhalimah Idris .d o c in .c o m