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Textbook Notes for Accounting at University of Connecticut (UCONN)


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UCONNACCT 2001Suzanne CanslerSpring

ACCT 2001 Chapter Notes - Chapter 4: Financial Statement, Deferral, Income Statement

OC23698084 Page
5 Feb 2018
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter 10: Chapter 10 acctg

OC16296192 Page
20 Mar 2017
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Initial cost- net purchase price plus all reasonable and necessary expenditures o get the asset ready for use. Estimated residual value- expected cash
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UCONNACCT 2001Suzanne CanslerSpring

ACCT 2001 Chapter Notes - Chapter 2: General Ledger, Accounting Equation, Dollar Sign

OC23698083 Page
22 Jan 2018
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Balance sheet: building a balance sheet from business activities, financing. To start a company, one must obtain financing. Two sources of financing: e
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter Notes - Chapter 1: Balance Sheet

OC16296193 Page
20 Mar 2017
0
Notes not taken in detail- the major accounting bodies. Designed to make financial information more usable- makes acctg info more comparable between co
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter Notes - Chapter 6: United States Treasury Security, Bank Reconciliation, Certified Check

OC16296192 Page
20 Mar 2017
0
Internal control included policies and procedures for protecting assets from improper usepoint of sale- cash recept system that allows customers to tra
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter Notes - Chapter 9: Combined Gas And Steam, Weighted Arithmetic Mean, Gross Margin

OC16296193 Page
20 Mar 2017
0
Inventories are a major asset on the balance sheet and cogs is the major expense on the income statement. Cost of an inventory item- includes all expen
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter Notes - Chapter 7: Accounts Payable, Mastercard, Subledger

OC16296194 Page
20 Mar 2017
0
Recievables are claims against individuals or companies for the future recept of cash or other assets. Trade receivables- arise from the sale of goods
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UCONNACCT 2001Suzanne CanslerSpring

ACCT 2001 Chapter Notes - Chapter 1: Financial Statement, Net Income, Dollar Sign

OC23698085 Page
22 Jan 2018
0
Business decisions and financial accounting: organization forms of business, sole proprietorship, owned by one individual, owner liable for all debt. E
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UCONNACCT 2001Steven WilliamsFall

ACCT 2001 Chapter Notes - Chapter 8: Contingent Liability, Annual Percentage Rate, Effective Interest Rate

OC16296193 Page
20 Mar 2017
0
Most firms maintain lines of credit with banks under which they can borrow money up to specified limits. Promissory note- unconditional written promise
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