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Nobody Counts
sHaRe uR ThouGhTs.... :D
Saturday, January 10, 2009
1.ACCRUALS
Observe:
1.the recognition of income and expense
................
2. payment? (is there any? “guess non”)
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2009
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January
(16)
1.ACCRUALS
A. ACCRUED EXPENSES (Payable)
B.ACCRUED REVENUE (Receivable)
2.DEFFERALS
A.PREPAID EXPENSES
B. PRECOLLECTION OF INCOME
4. Provision for ESTIMATED DOUBTFUL ACCOUNTS (BAD ...
5. ADJUSTMENT ON INVENTORIES- this is typical in m...
6.Correction of Erroneous Journal Entries
SPECIAL JOURNALS
ANALYZING and SUMMARIZING BUSINESS TRANSACTIONS OF...
Bookkeepping and Financial Statements
ASSUMPTIONS
Generally Accepted Accounting Principles
TYPES and FORMS of BUSINESS
ACCOUNTING
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