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Accounting Principles Functions
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accrual accrued actually adjusting entries adjustments allocated amortization attorney bad-debt balance sheet basic basis Bond Premium Bonds Payable book value Capital Stock capital surplus Cash chapter column computed contract control account corporation corpus cost-of-goods-sold counting current assets current liabilities debt deduction depreciation expense EMCO ending inventory entry would show equity estimated example Exhibit expense debit face amount FASB fiduciary FIFO financial accounting funds GAAP goodwill historical cost Hornbook income statement income tax interest expense interest rate investment issued journal entries later lease less LIFO long-term loss market value ment method operations outlay owners paid partners payment pense period position statement Professor of Law Purchase Discounts receipt records reduce remainderman rent reported retained earnings revenue and expense revenue statement rules salvage value shareholders shares shown sold surplus tax expense tax purposes tax return tion uncollectible University usually various