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Textbook Notes for Mc Cutchen

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SCACCT 225Mc CutchenFall

ACCT 225 Chapter 2: Chapter 2 Textbook Summary

OC11478432 Page
7 Sep 2016
1
Record the transaction in the journal using debits and credits. Position of the company but do not include an exchange with a separate company or indiv
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SCACCT 225Mc CutchenFall

ACCT 225 Chapter Notes - Chapter 1: Retained Earnings, Income Statement, Legal Personality

OC11478433 Page
6 Sep 2016
0
Accounting- system of maintaining records of a company"s operations & communicating them to decision makers. Corporation- separate legal entity from ow
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SCACCT 225Mc CutchenFall

ACCT 225 Chapter Notes - Chapter 3: Deferral, Deferred Income, Accrual

OC11478433 Page
28 Sep 2016
2
Accrual basis accounting- record revenues when we provide g/s, & record expenses of related goods: revenue recognition. Revenue recognition principle-
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