A Special Journal Used To Record Only Sales Of Merchandise On Account
SS7 &8 With Answers
Recording business transactions
1 Updates on Accounting and Auditing Regulations LOURDES M. CASTILLO Assistant Commissioner Government Accountancy Sector Commission on Audit Delivered.
Week 9. Using an expanded journal is not practical or efficient as the amount of transactions grows. Special journals that capture a specific type.
Learning Objectives After studying this chapter, you should be able to: Recognize revenue items at the proper time on the income statement. Account for.
10–1 McQuaig Bille 1 College Accounting 10 th Edition McQuaig Bille Nobles © 2011 Cengage Learning PowerPoint presented by Douglas Cloud Professor Emeritus.
15–1 McQuaig Bille 1 College Accounting 10 th Edition McQuaig Bille Nobles © 2011 Cengage Learning PowerPoint presented by Douglas Cloud Professor Emeritus.
Unit # 5 – Revenue & Expense Accounts. To date we have learned about various types of Asset and Liability accounts, but only one Owner’s Equity Account.
Cash Receipts Journal Used by corporations to record only cash receipt transactions. Most Cash Receipts are: 1.) Cash and Credit Card Sales 2.) Cash Received.
Accounting Jeopardy Chapter 6 By Carl Lyman © December 2001.
Chapter 8.4 – Adjusting for Depreciation Depreciation – This decrease in value needs to be recorded as an expense for the period. There are 2 ways to calculate.
