Principles of Accounting I Chapter 1 & 2 Handout - Chapters 1 and 2 Handout 1 What are the differences between Financial and Managerial Accounting 2

Principles of Accounting I Chapter 1 & 2 Handout - Chapters...

This preview shows page 1 out of 1 page.

Chapters 1 and 2 Handout 1. What are the differences between Financial and Managerial Accounting? 2. Name the three Basic Financial Statements and their purposes? a. b. c. 3. What is the “Cost Principle”? 4. What is the “Going-Concern Principle”? 5. What is the “Objectivity Principle”? 6. What is the “Stable Dollar Assumption”? 7. What happens (I, D, NE) to Assets, Liabilities, and Owner Equity under the following

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture