Accounting v bookkeeping - Study guides, Class notes & Summaries

AYPO - Oregon Real Estate Broker License Education Review What is a tax allocation district? - ANS A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation - ANS Mobility substitutes Predatory loans often have fees that cost more than... - ANS 5% of the total ...

D196 ALL FORMULAE- Principles of Financial and Managerial Accounting Review Rated 100% The production budget = Sales budget + ending finished goods inventory - beginning finished goods inventory Direct materials production budget = Production budget × direct materials per unit The direct materials purchases budget = Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers = (current period revenue × ...

BASIC BOOKKEEPING - CHAPTER 1 - AN INTRODUCTION TO BOOKKEEPING OBJECTIVES - 1. Define the three forms of business organization; 2. Define the five categories of accounts: assets, liabilities, owner's equity, revenues, and expenses; 3. Classify accounts according to the five categories; 4. Identify the generally accepted accounting principles GAAP. ASSETS - Things of value, owned by the business. E.g. Cash, buildings, equipment, mapper handles for sale. BALANCE SHEET - Statement f ass...

WGU D196-Principles of Financial & Managerial Accounting Exam Solutions 2023 Rated 100%. Accounting Cycle - ANSWER The procedure for analyzing, recording, summarizing, and reporting the transactions of a business. Accounting Equation - ANSWER An algebraic equation that expresses the relationship between assets (resources), liabilities (obligations), and owner's equity (net assets, or the residual interest in a business after all liabilities have been met): Assets = Liabilities + Owners' E...

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." Accounting Equation - Answer Assets = Liabilities + Owners' Equity Accounts Payable - Answer The flip side of accounts receivable—when one company sells on credit, creating for itself an account receivable, the company on the other side of the transaction is buying on credit, creating an account payable...

1. Accounting A system of providing "quantitative information, primarily financial in nature, about economic entities that is intend- ed to be useful in making economic decisions." 2. Accounting Equation 3. Accounts Payable 4. Accounts Re- ceivable 5. Accrual Ac- counting 6. Accumulated De- preciation Assets = Liabilities + Owners' Equity The flip side of accounts receivable—when one company sells on credit, creating for itself an account receivable, the company on ...

Table of Contents SRA Guidance Notes...........................................................................................................2 Key Terminology................................................................................................................4 Who do the SRA Accounts Rules apply to?..........................................................................5 Client Money v Office Money...................................................................................

STR 581 Final Exam -Strategic Planning and Implem: GRADED A | 100% CORRECT STR 581 Final Exam: Strategic Planning and Implementation (200 Correctly Answered Questions) Section 1 1. “Power prices” use price as a key strategic tool. These “power prices” have discovered the highly ________ effect of price on the bottom line. A. direct B. dramatic C. soothing D. Leveraged E. abrasive 2. Some intermediaries use the following: strategic planning, advanced infor...