Accounting Principles |
Contents
Definition of Accounting | 7 |
The Balance Sheet | 28 |
The Conservatism Concept | 50 |
Copyright | |
53 other sections not shown
Other editions - View all
Common terms and phrases
accounting activities actual additional adjustment alternative amount analysis assets assumed balance sheet basis bond budget calculated called capital cash cash flow Chapter common concept contribution corporation customers debit debt decision depreciation described difference differential direct discussed earnings effect entity entry equipment equity estimated example expense fixed future given Illustration important income statement income tax increase interest inventory investment involved labor less liabilities loss manufacturing margin material means measure method Note object operating organization overhead overhead costs owners paid payable payments percent performance period plans practice preferred prepared present problems production cost profit purchase ratio reason received recorded reported responsibility center retained earnings revenue selling separate share shown shows sold standard transaction types unit usually variance volume