Accounting Principles |
Contents
The Nature and Purpose of Accounting | 3 |
The Balance Sheet | 19 |
The Income Statement | 44 |
Copyright | |
18 other sections not shown
Common terms and phrases
accounting information accounting period accounting principles accounts receivable actual adjusting adjusting entries allocated amount analysis balance sheet bonds budget calculated called capital cash inflows changes Chapter common stock company's concept corporation cost accounting cost center cost objective cost system current assets current liabilities debit decrease described difference differential costs discount dividends employees entity entry equipment equity estimated example FASB financial accounting financial statements fixed costs full cost full cost accounting funds flow statement gross margin income statement income tax increase incurred indirect costs interest investment Lifo management accounting manufacturing measure ment merchandise method monetary net income operations organization overhead costs overhead rate percent performance present value problems production cost profit center programs purchase ratio recorded reported responsibility center Retained Earnings sales revenue sales volume selling price semivariable share shareholders shown in Illustration sold standard cost tion total cost transactions types usually variable costs volume variance