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Class Notes for Sandi Mullane

MACEWANLEGL-180Sandi MullaneWinter

LEGL-180 Lecture Notes - Lecture 7: Accrual, Cash Flow Statement, Trial Balance

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Revenue [dr] expense [cr] i(cid:374)co(cid:373)e su(cid:373)(cid:373)ar(cid:455) [whichever is higher] dra(cid:449)i(cid:374)gs [cr] Close all revenue,
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MACEWANLEGL-180Sandi MullaneWinter

LEGL-180 Lecture Notes - Lecture 1: Accounts Payable, General Ledger, Sole Proprietorship

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It captures the financial story of a business from a particular period that provides into to users. A report that presents revenue, expenses and net in
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MACEWANLEGL-180Sandi MullaneWinter

LEGL 180 Lecture 3: Unit 3

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MACEWANLEGL-180Sandi MullaneWinter

LEGL-180 Lecture Notes - Lecture 8: Current Asset, Remittance, Current Liability

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Input tax credits are not always recorded as credits. Residential rent is not in the zero rated tax base category. Sales discounts apply only to the it
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MACEWANLEGL-180Sandi MullaneWinter

LEGL-180 Lecture Notes - Lecture 6: Cars Land, Guaranteed Investment Certificate, Cash Flow Statement

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Investing activities = stock market investing, buying equipment. Notes to the financial statement is a written report that includes information explain
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MACEWANLEGL-180Sandi MullaneWinter

LEGL 180 Lecture 2: Unit 2

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MACEWANLEGL-180Sandi MullaneWinter

LEGL-180 Lecture Notes - Lecture 4: Accounts Payable, Accrual, Accounts Receivable

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Recognizes revenues when we make a sale or render a service. Revenue is assigned to the accounting period in which we earn it, regardless of when we re
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