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Textbook Notes for Alireza Talebi

U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 2: Current Liability, Deferral, Book Value

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15 Jan 2018
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Statement of financial position (balance sheet)- s(cid:374)apshot of (cid:272)o(cid:373)pa(cid:374)y"s fi(cid:374)a(cid:374)(cid:272)ial positio(cid:37
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 3: The Ledger, General Ledger, Financial Statement

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15 Jan 2018
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The system of collecting and processing transaction data and communicating financial info to decision makers is called the accounting information syste
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 5: Inventory Turnover, Profit Margin, Gross Margin

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15 Jan 2018
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Merchandising involves purchasing products to resell to a customer. 2 requirements for example: 1) loblaw owns them and 2) they are in the form ready f
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 4: Revenue Recognition, Accrual, Financial Statement

OC23650964 Page
15 Jan 2018
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U OF GACCT 1220Alireza TalebiWinter

ACCT 1220 Chapter Notes - Chapter 6: Income Statement, European Cooperation In Science And Technology, Retained Earnings

OC23650963 Page
15 Jan 2018
0
Determining inventory quantities involves 2 steps 1) taking a physical inventory of goods on hand and 2) determining the ownership of goods. Internal c
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