Lesson 1: Introduction to Accounting Learning Objectives Understand the concepts of economic man and nature of firm from the perspective of economic man 2. Appreciate the trust issue and the unique role of accounting in trust building and maintaining
Part I: Fill-In-The-Blanks(10\2=20 points is a collection of all accounts used by a business 2. All cash payments by check are recorded in the 3. Revenue and expense accounts are called because they are opened
hool of Business, Sun Y at-sen University Lesson 1 Introduction to Accounting Exercise Short Answer questions 1. Please elaborate the term of efficient market 2. Please elaborate the terms of ethical man, economic man, rational economic
hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting equation Exercises 1. Lion Company had a net cash inflow of $80,000 from operating activi