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Study Guides for Aadil Merali Juma

MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Comprehensive Final Guide: Cash Flow Statement, Deferral, Non-Sufficient Funds

OC114462141 Page
28 Nov 2016
81
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaWinter

COMMERCE 1AA3 Study Guide - Final Guide: Legal Personality, Treasury Stock, Capital Account

OC13281848 Page
2 May 2017
0
Inventory (1: reported on two financial statement accounts, the balance sheet as inventory (asset), and on the income statement as cost of goods sold (
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Financial Statement, Combined Gas And Steam, Purch Group

Sara A.7 Page
12 Dec 2016
1
Chapter 6: inventory & cost of goods sold. Sales revenue is reduced by (contra-revenues accounts: credit card discounts, sales returns and allowances,
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Effective Interest Rate, Contingent Liability, Promissory Note

Sara A.10 Page
12 Dec 2016
3
A present obligation; settled by probable future transfer or use of cash, goods, or services little or no discretion to avoid the obligation. Current l
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Gross Profit, Debt Ratio, Current Liability

Sara A.5 Page
12 Dec 2016
2
Adjustments: adjustments are end-of-year journal entries to update account balances. Adjusting entries are needed to bring the books up to date for tra
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Gross Profit, Common Stock, Interest Expense

Sara A.5 Page
12 Dec 2016
6
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Bank Reconciliation, Bank Statement, Internal Control

Sara A.2 Page
12 Dec 2016
3
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Deferral, Cash Flow Statement, Accrual

Sara A.4 Page
12 Dec 2016
3
The statement of cash flows: one of the four required financial statements shows the changes in cash (including cash equivalents) for a specified perio
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Financial Statement, Dont, Legal Personality

Sara A.3 Page
12 Dec 2016
3
Corporations: separate legal entity, limited liability of shareholders, transferable ownership rights, ability to acquire capital, continuous life, cor
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: The Ledger, Letter Case, General Ledger

Sara A.4 Page
12 Dec 2016
6
Fundamental qualitative characteristics: relevance information provided is useful (provide predictive/confirmatory values that are material in nature,
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Credit Cycle, Current Liability, Deferral

Sara A.4 Page
12 Dec 2016
4
Customers that do not have cash available can buy on credit. Sales and profits increase, as money sources increase. This cost is called (cid:498)uncoll
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MCMASTERCOMMERCE 1AA3Aadil Merali JumaFall

COMMERCE 1AA3 Study Guide - Final Guide: Income Tax, Income Statement

Sara A.2 Page
12 Dec 2016
5
Taxable income: accounting income does not necessarily equal taxable income due to temporary timing differences and permanent differences, temporary di
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