Accy 201 barton Study guides, Class notes & Summaries
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ACCY 201 BARTON EXAM 1. Questions And Answers Graded A+ | Complete Solutions
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ACCY 201 Final Exam - Barton Questions And Answers With Verified Tests
- Exam (elaborations) • 15 pages • 2024
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4 accounting assumptions - going-concern assumption, monetary unit assumption, time period 
assumption, business entity assumption 
4 basic cost flow assumptions - specific identification, first-in first-out (FIFO), last-in first-out 
(LIFO), weighted average 
4 general accounting principles - measurement principle, revenue recognition principle, expense 
recognition principle, full disclosure principle 
4 general purposes of financial statements - income statements, statement of retained earnin...
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ACCY 201 BARTON EXAM 1 QUESTIONS & ANSWERS VERIFIED 100% CORRECT, GRADED A+
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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- $7.99
- + learn more
Accounting - An information system that provides reports to users about the economic activities 
and condition of a business. 
Accounts Payable - liability created by a purchase on account 
- reduces the amount owed on a liability 
Accounts Receivable - claim against the customer in which you had provided a service and were 
being payed for it 
- increases assets & stockholder's equity 
- promises of payment from customers to sellers 
Accrual Basis of Accounting - - revenues are reported on the...
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