mid-term review. chapters 1-2 1.accounting assumptions 2.fasb 3.gaap 4.cpa
TRANSCRIPT
THE BASICS
1.The accounting equation2.Account classification3.Increases decreases4.Assets5.Liabilities6.Owner’s Equity
ACCOUNTS
1.Temporary accounts2.Permanent accounts3.Revenue4.Expense5.Withdrawals6.Chart of accounts,
numbering