20100726090715 chapter 3 the asset of stock
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Semelhante a 20100726090715 chapter 3 the asset of stock
Semelhante a 20100726090715 chapter 3 the asset of stock (20)
20100726090715 chapter 3 the asset of stock
- 1. Chapter 3 THE ASSET OF STOCK
- 8. Purchases of stock on credit $10,000 Aug 1 Purchases 165 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 1 Henry 165
- 10. Purchases of stock for cash $10,000 Aug 2 Purchases 310 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 1 Cash 310
- 12. Sales of stock on credit $10,000 Aug 3 J Lee 375 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 3 Sales 375
- 14. Sales of stock for cash $10,000 Aug 4 Cash 55 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 4 Sales 55
- 17. Return Inwards (Sales Return) $10,000 Aug 5 R Inward 29 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 5 F Lowe 29
- 19. Return Outwards (Purchase Return) $10,000 Aug 6 K Howe 96 Balance Transaction #1 LO 2 Define debits and credits and explain their use in recording business transactions. Aug 6 R Outwards 96
- 20. End – Chapter 3
Notas do Editor
- 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information)
- 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information)