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
absorption costing accounting information accounting period accounting principles accounts receivable actual adjusted adjusting entries amount balance sheet bonds budget calculated called capital cash inflows changes Chapter common stock company's concept corporation cost accounting cost centers cost objective cost of sales cost system current assets current liabilities debit December 31 depreciation expense described differential costs direct material discount dividends dollar entity entry equipment equity estimated example FASB financial accounting financial statements fixed costs full cost full cost accounting funds flow statement GAAP gross margin income statement income tax increase incurred indirect costs investment lease LIFO management accounting measure ment merchandise method monetary net income operations organization overhead costs overhead rate owners payable payments percent performance present value problems production cost purchase ratio recorded reported responsibility center Retained Earnings sales revenue semivariable shareholders sold standard cost tion transactions types variable costs volume variance