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Bundle of Bookkeeping Professional Certification Exams with Solutions To Questions
A Bundle of Bookkeeping Professional Certification Exams with Solutions To Questions
[Show more]A Bundle of Bookkeeping Professional Certification Exams with Solutions To Questions
[Show more]Accounting Assumptions - A set of rules that ensure a company's operations and records 
provide consistent, reliable, and objective information following the Financial Accounting 
Standards Board (FASB) standards. 
Accounting Cycle - A multi-step process of identifying, analyzing, and recording a c...
Preview 2 out of 5 pages
Add to cartAccounting Assumptions - A set of rules that ensure a company's operations and records 
provide consistent, reliable, and objective information following the Financial Accounting 
Standards Board (FASB) standards. 
Accounting Cycle - A multi-step process of identifying, analyzing, and recording a c...
Ethical Responsibilities of Accountants - 1. Can only share information with the 
owner and the government when asked 
2. You must inform your owner if any illegal or fraudulent activity is going on 
3. Have to be confidential 
What is the Accounting Equation? (3) - Assets - Liabilities = Owners Equ...
Preview 2 out of 6 pages
Add to cartEthical Responsibilities of Accountants - 1. Can only share information with the 
owner and the government when asked 
2. You must inform your owner if any illegal or fraudulent activity is going on 
3. Have to be confidential 
What is the Accounting Equation? (3) - Assets - Liabilities = Owners Equ...
1x sold
The Accounting Principle - You can't mix business and personal assets or expenses. 
Accounting Equation - Assets = Liabilities + Owner's Equity 
or 
Assets - Liabilities = Owner's Equity 
Expanded Accounting Equation - Assets = Liabilities + Equity + Revenue - Expenses - 
Dividends 
The Five Acco...
Preview 2 out of 5 pages
Add to cartThe Accounting Principle - You can't mix business and personal assets or expenses. 
Accounting Equation - Assets = Liabilities + Owner's Equity 
or 
Assets - Liabilities = Owner's Equity 
Expanded Accounting Equation - Assets = Liabilities + Equity + Revenue - Expenses - 
Dividends 
The Five Acco...
What are the 5 Account Types? - - Assets 
- Liabilities 
- Equity 
- Revenue 
- Expenses 
What is the accounting formula? - Assets = Liabilities + Equity 
What does DEA/LER stand for? - - Debit 
Expenses and Assets 
- Credit 
Liabilities 
Equity 
Revenue
Preview 3 out of 19 pages
Add to cartWhat are the 5 Account Types? - - Assets 
- Liabilities 
- Equity 
- Revenue 
- Expenses 
What is the accounting formula? - Assets = Liabilities + Equity 
What does DEA/LER stand for? - - Debit 
Expenses and Assets 
- Credit 
Liabilities 
Equity 
Revenue
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