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Textbook Notes for COMM 111 at Queen's University

QUEEN'SCOMM 111Ning Zhang

COMM 111 Chapter Notes - Chapter 1: Net Income, Book Value, Accounting Equation

4 Page
10 Oct 2017
0
Financial statements are the reports that companies use to convey the financial results of their business activities to various user groups, which can
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QUEEN'SCOMM 111David Mc ConomyFall

Comm 111 review.pdf

OC19414734 Page
14 Apr 2014
56
Accounting the information system that measures business activities, processes data into reports, and communicates results to decision makers the langu
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QUEEN'SCOMM 111David Mc ConomyFall

Chapter1.docx

OC1840431 Page
17 Nov 2013
39
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QUEEN'SCOMM 111Patrick J LegreslyFall

COMM 111 Chapter Notes - Chapter 1: Market Liquidity, Current Liability, Income Statement

Kristina Wagram4 Page
5 Nov 2016
4
Financial accounting- provides information for managers inside the business, and for decision makers outside the organization (investors, creditors, go
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QUEEN'SCOMM 111caramitchellFall

COMM 111 Chapter Notes - Chapter 5: Debits And Credits, Book Value, Annual Percentage Rate

OC4121644 Page
21 Dec 2016
1
Investments a company plans to hold for one year or less. Invest excess cash for a short period of time and earn a return until the cash is needed. Rea
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QUEEN'SCOMM 111caramitchellFall

COMM 111 Chapter Notes - Chapter 10: Profit Margin, Retained Earnings, Asset Turnover

OC4121643 Page
21 Dec 2016
0
Corporation is a business entity formed under federal or provincial law. A distinct entity that exists apart from its owners, the shareholders. Shareho
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QUEEN'SCOMM 111caramitchellFall

COMM 111 Chapter Notes - Chapter 6: Gross Margin, Income Statement, Financial Statement

OC4121644 Page
21 Dec 2016
0
Chapter 6: inventory and cost of goods sold. Account for inventory using the perpetual and periodic inventory systems. Value of inventory affects two f
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QUEEN'SCOMM 111Terry WangFall

Accounting week 1.docx

OC2609193 Page
13 Mar 2014
26
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QUEEN'SCOMM 111Patrick J LegreslyFall

COMM 111 Chapter 2: Week 2- Chapter 2

Kristina Wagram2 Page
5 Nov 2016
5
Cash: bank account balances, paper currency and undeposited cheques. Accounts receivable: the amounts owing from customers who have purchased goods or
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QUEEN'SCOMM 111Ning Zhang

COMM 111 Chapter Notes - Chapter 3: Trial Balance, General Ledger, Current Liability

7 Page
10 Oct 2017
0
Accounting information can be prepared using either the cash basis or the accrual basis of accounting. When using cash-basis accounting, we record only
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QUEEN'SCOMM 111Ning Zhang

COMM 111 Chapter Notes - Chapter 2: Trial Balance, Deposit Account, Overdraft

4 Page
10 Oct 2017
0
A transaction is any event that has a financial impact on a business and that can be reliably measured. Accounts are used to record all the transaction
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QUEEN'SCOMM 111caramitchellFall

COMM 111 Chapter Notes - Chapter 2: Accounts Payable, Share Capital, Deferral

OC4121644 Page
21 Dec 2016
1
*each asset, liability and elemnt of shareholders equity has its own account, which is used to record all transactions affecting that related factor. C
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