Accounting Principles |
Contents
The Balance Sheet | 21 |
The Income Statement | 45 |
Accounting Records and Systems | 73 |
Copyright | |
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Common terms and phrases
accounting actual additional adjusted amount assets assumed balance sheet basis bonds budget calculated called capital cash changes Chapter charged common concept corporation cost debit decision depreciation described differential direct discussed dollar earnings effect entity entry equipment equity estimated example expense fixed flow funds future given Illustration important income statement income tax increase interest inventory investment involved labor less liabilities loss margin material means measure method Note objective operations organization overhead overhead costs owners paid payments percent performance period plans practice prepared present principles problems production cost profit purchase ratio reason receivable recorded reported responsibility center revenue selling separate share shown shows sold standard tion transactions types unit usually variable variance volume