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501. bookkeeping made simple

This class was created by Brainscape user Mejor Aun. Visit their profile to learn more about the creator.

By: Mejor Aun
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Decks in this class (10)

Bookkeeping 11
1 how are journal entries posted,
2 what is a trial balance,
3 what is the first step for the ...
4  cards
Bookkeeping 12. Special Journals
How many lines are required for e...,
What is a special journal,
Which items from the chart of acc...
8  cards
Bookkeeping 13. Discounts
As a customer or as a vendor you ...,
If you made a cash sale of 100 dr...,
If you sold a 500 hvac unit to an...
8  cards
Bookkeeping 14. Subsidiary Ledgers
1 if you keep track of many custo...,
2 when a large number of customer...,
3 one subsidiary ledger would be
12  cards
Bookkeeping 15. Adjusting Entries
1 before you can make financial r...,
2 what is an example of an adjust...,
3 another example of adjusting en...
10  cards
Bookkeeping 16. Worksheet
How do you begin work on the work...,
Why are the first two columns lab...,
What is the second step in prepar...
10  cards
Bookkeeping 17. Adjustments
How is depreciation entered say y...,
As of the last day of the account...,
When all the necessary adjustment...
8  cards
Bookkeeping 18. Operating Statement
1 now for the preparation of the ...,
2 revenue accounts such as sales ...,
3 expense items normally have cr ...
14  cards
Bookkeeping 19
1 the amount of profit or loss fo...,
2 what is a contra asset account,
3 if the related account to the c...
12  cards
Bookkeeping 20. Contra accounts
1 taken together the asset accoun...,
2 why is a contra asset account c...,
3 what is a contra liability account
8  cards

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501. bookkeeping made simple

  • Class purpose General learning

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