Acct_211_Study_Guide_Exam_1 - Accounting 211 Study Guide...

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Accounting 211 Study Guide Exam I (Chapters I, 2, 3, 4, 5, 8) 1. entity type 2. what is accounting 3. fields of accounting 4. transaction entry 5. identify accounting principle 6. record value 7. accounting equation 8. transaction effect on accounting equation 9. transaction effect on accounting equation 10. calculate balance 11. financial statement 12. revenue recognition 13. debit 14. credit 15. normal balance 16. accounting cycle steps 17. identify process name 18. trial balance error types 19. horizontal analysis 20. revenue recognition 21. accounting concept identification 22. identify accrued vs deferred 23. adjusting entries 24. calculate adjusting entry 25. calculate adjusting entry 26. calculate net income 27. effect of omitted adjusting entry 28. vertical analysis 29. identify account type
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Unformatted text preview: 30. identify account type 31. balance sheet accounts 32. closing entries 33. post-closing trial balance 34. calculate net income 35. fiscal year 36. accounting objectives 37. identify account types 38. income statement structure 39. income statement structure 40. calculate cost of merchandise sold 41. multiple-step income statements 42. periodic vs. perpetual inventory 43. credit period dates 44. transaction entry 45. perpetual inventory transaction entry 46. ratio measured what 47. methods of accounting for uncollectible receivables 48. allowance entries 49. net realizable account receivable 50. calculate doubtful account entry 51. calculate doubtful account entry 52. direct write-off 53. account receivable turnover shows...
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