C213 study guide Study guides, Class notes & Summaries

purpose of accounting - Answer-Accounting is the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status. Bookkeeping is a part of accounting. Bookkeeping refers to the process of recording transactions into various accounts, which is the first step in accounting. The next step is to analyze the accounts and organize them into financial statements and other useful reports. (R...

WGU C213 Study Guide Complete Questions And Answers Graded A+ WGU C213 Study Guide Complete Questions And Answers Graded A+

WGU c213 study guidepurpose of accounting - correct answer Accounting is the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status. Bookkeeping is a part of accounting. Bookkeeping refers to the process of recording transactions into various accounts, which is the first step in accounting. The next step is to analyze the accounts and organize them into financial statements an...

WGU c213 study guide 100% correct answers | guaranteed success

WGU c213 study guide.

purpose of accounting - CORRECT ANSWER-Accounting is the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status. Bookkeeping is a part of accounting. Bookkeeping refers to the process of recording transactions into various accounts, which is the first step in accounting. The next step is to analyze the accounts and organize them into financial statements and other useful r...

WGU C213 Study Guide 2023 with Complete Questions and Answers WGU C213 Study Guide 2023 with Complete Questions and Answers Accounting - ANSWER-A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." Balance Sheet - ANSWER-Document which reports the resources of a company (the assets), the company's obligations (the liabilities), and the owners' equity, which represents how muc...

Order of assets listed on the balance sheet Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. Current assets are listed before long-term assets. Current li...

WGU c213 study guide questions and correct detailed answers |already graded a+