Accounting Text for ACC 100 class at Strayer U
| Title | : | Accounting Chapters 1 - 13 ACC 100 - Strayer University |
| Author | : | Horngren Harrision |
| Language | : | en |
| Rating | : | 4.90 out of 5 stars |
| Type | : | PDF, ePub, Kindle |
| Uploaded | : | Apr 11, 2021 |
Read Online Accounting Chapters 1 - 13 ACC 100 - Strayer University - Horngren Harrision | ePub
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Accounting is defined as a set of concepts and techniques that are used to measure and report financial information about an economic entity. Accounting consists of both external reporting issues known as “financial accounting,” and internal reporting issues related to “managerial accounting.
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Chapter 1 – accounting in business accounting equation and its three basic elements: assets, liabilities and owners equity how business transactions affect the three basic elements in the accounting equation. Income statement: o the types of accounts used o prepare an income statement.
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Acc 100 unit 1 milestone sophia course 1 which of the following account groups has a natural debit balance? revenue liabilities equity assets natural balance 2 which one of the following statements is true regarding permanent accounts? they document resources for longer than one fiscal timeframe.
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) accountant janice works part-time and her sole responsibility is to document all of the accounting events that take place.
Ethics in accounting: effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the business world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.
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One simple way to understand bonds issued at a premium is to view the accounting relative to counting money! if schultz issues 100 of the 8%, 5-year bonds when the market rate of interest is only 6%, then the cash received is $108,530 (see the previous calculations).
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