Final - Chapter 1 general accounting principle Accounting equations effects of transactions Recognize terms accounts liabilities revenues owners

Final - Chapter 1 general accounting principle Accounting...

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Chapter 1 general accounting principle Accounting equations; effects of transactions Recognize terms; accounts, liabilities, revenues, owners equities current assets/liabilities matching principles adjusting entries Ch 4. Prude liabs/assets Ch 5 FIFO, LIFO, weighted avg., net income, whats working capital and gross profit Given account balances whats the account Qualitative characteristics of accounting Compute ending inventory, cost of goods sold Shipping terms FOB destination Ch. 7 compute bad debt expense, net credit sales, percentage receivables Compute the appreciation using straightline.

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