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Canada (161,966)
Accounting (533)
ACC 100 (214)
Chapter 3

ACC 100 Chapter 3 Notes.docx

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Department
Accounting
Course
ACC 100
Professor
Walter Krystia
Semester
Summer

Description
ACC 100 Chapter 3 Notes Economic EventsExternal Events an event involving interaction between an entity and its environment Ex payment of wages and hiring of a new sales managerInternal Events an event occurring entirely within an entity Ex the use of a piece of equipmentSource Document a piece of paper that is used as evidence to record a transaction The Double Entry SystemAccount record used to accumulate amounts for each individual asset liability revenue expense and component of shareholders equityChart of Accounts a numerical list of all accounts used by a companyDouble E
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