1. The following financial statement information is known about five separate proprietorships: Company Company Company Company Company A B C D E December 31, 2001 Assets
Part I: Fill-In-The-Blanks(10\2=20 points) 1. The branch of accounting which aims at serving external users is called accounting 2. A credit entry decreases asset and accounts or increases liabi owner's equity, and revenue accounts
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
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 Lesson 14 Managerial Accounting Il: Application L. True and False Questions Decision making is a distinct management activity that should be separated from budgeting
Outline The Fundamental Principles of Internal Control Internal Control to Cash Explain and Record Petty Cash Fund Transactions. Prepare a Bank Reconciliation Exploring the Concept of Accounting Ethics Accounting Ethics and Social Responsibilities Accounting Ethics and Decision Making
Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 13 Managerial Accounting I: Concepts and Principles xercise Sunny Brockman has develop a new avic ce that is so exciting he is considering
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 Universit Lesson 8 Accounting Information System Self-Test In the following choice, which is not the principle of accounting sytems? A. Cost-effective bal C. Internal control B. Effective reporting
Lesson Notes Lesson 6Accounting for Merchandising Activities Learning Objectives 1. Describe merchandising activities and identify business types. 2. Identify and explain the important components of income for a merchandising company
