Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L Note Lesson 5 Completing the Accounting Cycle Learning objectives Describe and prepare a worksheet and describe its usefulness 2. Describe the closing process and explain why temporary accounts are closed
Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L Note Lesson 4 Adjusting Accounts for Financial Statement Learning objectives Describe the purpose of adjusting accounts at the end of the peric 2. Prepare and explain adjusting entries for
Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 1: Introduction to accounting Learning Objectives Understand the concepts of economic man and nature of firm from the perspective of
Part I: Fill-In-The-Blanks(10\2=20 points 1. The three common forms of business organizations are 2. The difference between the increases(including the beginning balance)and decreases
Introduction to Accounting Self-Test True and False Questions: 1. Economic interest maximization and risk aversion are two characteristics of an economic man
ask Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and recording Accounting transactions Self-Test Multiple choices 1. The term credit means. A. to increase
Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Self-Test Answer the following questions: 2. what is the purpose of income summary account?
Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and Cost of sales I. True and false Questions The inventory of a merchandising company may include manufactured products, but not
