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

Decks in this class (20)

Chapter 1
If total assets increase,
Liabilities are what,
Stockholders equity
50  cards
Practice questions
In a recent business transaction ...,
Guptas company has 250 000 od ass...,
True or false dividends are a ret...
8  cards
Chapter 2
What does fasb 606 say about,
What is accrual accounting,
What is deferral accounting
27  cards
very specfic
chap 2
13  cards
Debit and Credit
What is double entry accounting,
What is a t account,
What is the account balance
18  cards
Chapter 3 vocab
Whats a merchandising business,
Merchandise inventory,
Product costs
27  cards
Accounting chap 3 practice Q's
In a perpetual inventory adjustme...,
How do you record a discount,
What s the difference between a p...
18  cards
Chap 5 Q's
What is the net realizable value ...,
What type of account is the allow...,
What is aging of accounts receivable
7  cards
Chapter 5 words
Notes receivable,
Net realizable value,
Allowance for doubtful accounts
17  cards
Chapter 4 questions
Define internal control,
What items are considered cash,
Why is cash more suspectable to e...
9  cards
Exam 2 ratios
What does net margin show,
What does return on investments r...,
What does return on equity ratio ...
19  cards
Exam 2 flash cards
How does paying for freight effec...,
Returning gods,
Recording allowance
36  cards
Chapter 4 flash cards
What forms are pre numbered,
What is considered cash,
What is physical control
22  cards
Chapter 6
What do you debit and creditevent...,
What are long term operational as...,
How to find allocated costs
28  cards
Chapter 7
Continget liability,
How to record,
How to recordcontingent liability...
17  cards
Chapter 8 flashcards
How is the book value per share o...,
Liquidation value of preferred stock,
How does dod effect balance sheet
33  cards
flash cards exam 3
How to calculate balance of accou...,
2  cards
exam 3
3 functions of money,
Commindity money,
Fiat money
19  cards
Exam 4
Who uses financial data,
Value added principle,
Product cost
26  cards
Exam 4 ratios
What does contribution margin show,
What does operating leverage show,
What does margin of safety show
4  cards

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accounting 211

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