Summary
Summary Financial Accounting notes
- Course
- Institution
All my notes on the accounting lectures. Focused on the balance sheet, income statement and cashflow statement.
[Show more]
Seller
Follow
mettemartinamunkmewe
Reviews received
Content preview
Lernzettel FinancialAccounting
1.
Accounting Equation
Assets Liabilities
= +
"quity
Cash Ap Stockholders
Ar Loans Owner's
R
Inventory Wages
PPI Taxes
&3
Investments
Goodwill
2. Debits & Credits
Debit Credit
->
the destination ->
the source
Assets owner's =>
quity
=>
penses Liabilities
Dividends Revenue
1.22.
ssets=Liabilities owner's
A Equity-Dividends+ Revenue Expenses
-
Dividends+Expenses+Assets =
Liabilitiesowner's Equity Revenue
Dealer
Name
Account
I
Dividends Liability Cr
Dr
Expenses Owner's Equity
Cr Dr
Assets Revenue
, Trial Balance
->
reportshowing the balances all
an
accounting closing in
general ledger accounts a
at in
point time
Depreciation/ Amortization
The process of the book of tangible fixed Asset
-> value
reducing a
due to: Use
·
wear & fear
passing of time
·
obsolescence
·
3. Balance Sheef
->
Snapshot of a business's Assets, Liabilities and Equity
a
af
single pointin time.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mettemartinamunkmewe. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.32. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now