Assignment 2 Basic Accounting Concepts and Business Structures Basic Accounting Concepts and Business Structures Before the Great Depression and the crash of the stock market‚ there were no groups governing the accounting world‚ nor had any principles been put into place. Because of this‚ various groups and GAAP had to be formed to ensure that quality financial reporting was exhibited. There are still discrepancies in accounting but with the hierarchy of
Premium Generally Accepted Accounting Principles Corporation Limited liability company
inggLecturer’s Guide Accounting for Non-accounting Students Sixth edition J R Dyson ISBN 0 273 68301 2 © Pearson Education Limited 2004 Lecturers adopting the main text are permitted to download the manual as required. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies around the world Visit us on the World Wide Web at: www.pearsoned.co.uk First published in Great Britain under the Pitman Publishing imprint in 1997 Second edition published
Premium Balance sheet Depreciation Generally Accepted Accounting Principles
between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
Premium Generally Accepted Accounting Principles
Aldol Condensation Formal Abstract: An aldol condensation reaction was performed on acetophenone using p-anisaldehyde and sodium hydroxide as a base. This produced trans-p-anisalacetophenone in the form of a fluffy yellow crystal. The reaction was performed in a test tube and sodium hydroxide was added drop by drop followed by recrystallization and vacuum filtration. In order to verify the presence of the ketone 2‚4-dinitrophenylhydrazone was synthesized and reacted with trans-p-anisalacetophenone
Free Sodium hydroxide Chemistry
consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do not close accumulated depreciation
Premium Revenue Generally Accepted Accounting Principles Income statement
GUIDE TO FORMAL OUTLINING I. The outline should be in sentence form. A. That means that each section of the outline must be a complete sentence B. Each part may only have one sentence in it. II. Each Roman numeral should be a main section of the speech. A. Capital letters are main points of the thesis. 1. Numbers are sub-points under the capital letters. 2. Little letters are sub-points under the numbers. B. Sub-points need to correspond with the idea it is under. 1. This means that capital letters
Premium Typography APA style Citation
Formal Strategies for Drama Freytag’s Pyramid: According to Freytag‚ a drama is divided into five parts‚ or acts‚[5] which some refer to as a dramatic arc: exposition‚ rising action‚ climax‚ falling action‚ and dénouement. Exposition” the stage of dramatic or narrative structures that introduces all things necessary for development of the plot.(anyplace through out a story‚ strategically
Premium Narratology Fiction Drama
Jessica Church Professor _______ English 110 October 11‚ 2012 The Simpsons: An Informal Review When I was a kid I watched The Simpsons every Sunday. It gave me a nostalgic feeling watching different episodes from the same series week after week. It was a tradition. I‚ like the other 15 million weekly viewers of the show‚ had fallen in love with The Simpsons. I like the irony and humor that’s put into each episode. Many of the jokes on the show are parodies of other shows‚ movies‚ or music icons
Premium The Simpsons Matt Groening Homer Simpson
house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the end of May: Balance in work in process on May 1 $141‚800 Direct materials costs for May 174‚500 Direct labor costs for May 162‚500 Overhead applied at rate of 140%
Premium Inventory FIFO and LIFO accounting
Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
Premium Costs Inventory USB flash drive