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The Role of Accounting in Business
The Cash Basis of Accounting
The Accrual Basis of Accounting
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Accounts Payable Accounts Receivable accumulated depreciation Administrative expenses Average Total Assets balance sheet Balances Adjustment Balances Aug Bonds Payable Capital in Excess Cash payments Cash receipts common stock Cost of Merchandise Current assets Current liabilities December 31 Decrease Deduct Depreciation Expense earned on stockholders earned on total Equity Capital stock extraordinary item Fees Earned financing activities fixed asset Fixed asset turnover flows from financing flows from investing flows from operating free cash flow Income Statement income tax Income Tax Payable Increase in accounts Interest Expense Interest Revenue investing activities June 1 Bal June 30 Land Less dividends liabilities and stockholders lifo Miscellaneous Expense Month Ended Notes Payable Notes Receivable Number of days Office Salaries Expense operating activities Paid-in Capital prepaid expenses Prepaid Insurance Prob Rate earned Rent Expense Retained Earnings Statement Statement of Cash Supplies Expense tax expense Total liabilities Total stockholders Treasury Stock Wages Expense