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Category > Accounting Posted 22 Apr 2017 My Price 12.00

ACCT 504 Week 2 Discussions

ACCT 504 Week 2 Accounting Equation/Accounting Cycle 

In this area, we will discuss the significance of the accounting equation, the rules of debit and credit, and the steps in the accounting cycle. We will talk about recording of transactions, normal balances, and the creation of the trial balance. 

Let's begin by asking this question: What is the role of the accounting equation in the analysis of business transactions? 

ACCT 504 Week 2 Accrual Accounting and Adjusting Entries

In this area, we will talk about the difference between cash-basis and accrual-basis accounting, the importance of revenue recognition and matching principles, and the role of adjusting and closing entries in the preparation of the income statement, statement of retained earnings, and balancesheet. 

How is cash-basis accounting different from accrual-basis accounting?

 

 

 

 

Answers

SmartExpert
(118)
Status NEW Posted 22 Apr 2017 07:04 AM My Price 12.00

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Attachments

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