This document discusses journal entries and accounting principles and practices. It covers how to analyze transactions including income, capital, and those without journal entries. It also covers how to prepare journal entries and key accounting principles such as historical cost, accrual accounting, matching, and contra accounts as they relate to capital assets, inventory, interest, suppliers, unearned revenue, depreciation, allowance for doubtful accounts, and accumulated depreciation.
This document discusses journal entries and accounting principles and practices. It covers how to analyze transactions including income, capital, and those without journal entries. It also covers how to prepare journal entries and key accounting principles such as historical cost, accrual accounting, matching, and contra accounts as they relate to capital assets, inventory, interest, suppliers, unearned revenue, depreciation, allowance for doubtful accounts, and accumulated depreciation.
This document discusses journal entries and accounting principles and practices. It covers how to analyze transactions including income, capital, and those without journal entries. It also covers how to prepare journal entries and key accounting principles such as historical cost, accrual accounting, matching, and contra accounts as they relate to capital assets, inventory, interest, suppliers, unearned revenue, depreciation, allowance for doubtful accounts, and accumulated depreciation.
This document discusses journal entries and accounting principles and practices. It covers how to analyze transactions including income, capital, and those without journal entries. It also covers how to prepare journal entries and key accounting principles such as historical cost, accrual accounting, matching, and contra accounts as they relate to capital assets, inventory, interest, suppliers, unearned revenue, depreciation, allowance for doubtful accounts, and accumulated depreciation.
o Income transactions o Capital transactions o No journal entry - How to prepare journal entries - Accounting principles and practices o Historical cost principle Capital assets Inventory o Accrual accounting Interest Suppliers o Matching principle Unearned revenue Depreciation o Contra accounts Allowance for doubtful accounts Accumulated depreciation