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Accounting For Business Notes

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Accounting For Business Notes

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6 Pages Partial Study Notes > 2 Years old
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1 Ex Credit


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Accounting For Business Notes
Topics this document covers:
Business economics Accounting Economy Accounting systems Debits and credits Double-entry bookkeeping system Liability Journal entry Accounting equation Account Trial balance Ledger Debit
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Business economics Accounting Economy Accounting systems Debits and credits Double-entry bookkeeping system Liability Journal entry Accounting equation Account Trial balance Ledger Debit
Sample Text:
Made on credit Inventories: unsold items in tock or on hand Prepaid expanses: expenses paid in advanced e.g. rent Land Building Equiptment Liabilities: debt or future obligation Bill payable: bills that must be paid bevause of signed bill of exchange Accounts payable: pay off debt arising from credit Accrued liabilities: a liability for an expen...
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