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Class Notes for ACCT200 at University of Delaware (UD)

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UDACCT200Debessay ArayaSpring

ACCT 200 Lecture 3: Lecture 1-4

OC8434942 Page
5 Apr 2016
11
3 types of transactions: asset source, asset use, asset exchange. Source: acquiring cash or assets from creditors owners or customers. Exchange: when y
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UDACCT200Debessay ArayaSpring

ACCT200 Lecture Notes - Lecture 2: Video Lesson, Retained Earnings, Financial Statement

OC8434943 Page
30 Mar 2016
12
**video lectures taken from survey of accounting online textbook connect lectures** Assets: economic resources used by a business to produce revenue, a
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UDACCT200Debessay ArayaSpring

ACCT200 Lecture Notes - Lecture 1: Financial Accounting Standards Board, Video Lesson, Financial Statement

OC8434943 Page
30 Mar 2016
15
**video lectures taken from survey of accounting online textbook connect lectures** Accounting: an information system that reports on the economic acti
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UDACCT200Debessay ArayaSpring

ACCT200 Lecture Notes - Lecture 4: Historical Cost, Common Stock, Retained Earnings

OC8434942 Page
5 Apr 2016
7
*keep in mind the left side vs. right side of the equation. Stewardship function: a duty to protect and use the assets of a business for the benefits o
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