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Financial Statements Part 2

Where do different accounts fall wihin the financial statements. Question: What are the financial statements made up of?

From  tutoringcenter on February 3rd, 2015 0 likes 13 plays 0  

Types of Transactions

Asset source transactions, asset use transactions, asset exchange transactions, and claims exchange transactions; examples of each. Question: What are the 4 main types of transactions?

From  tutoringcenter on February 3rd, 2015 0 likes 380 plays 0  

Financial Statements Part 1

What accounts are used in each financial statement. Question: What goes into each of the financial statements?

From  tutoringcenter on February 3rd, 2015 0 likes 52 plays 0  

Definition of Assets, Liabilities, and Stockholder's Equity

The components of the accounting equation. Question: What is the accounting equation and the 3 components in the accounting equation?

From  tutoringcenter on February 3rd, 2015 0 likes 231 plays 0  

Temporary vs Permanent Accounts

Definitions and examples of temporary and permanent accounts. Question: What are temporary accounts? What are permanent accounts?

From  tutoringcenter on February 3rd, 2015 0 likes 71 plays 0  

Operating, Investing, and Financing Activities

Definitions and examples of operating, investing, and financing activities and wording for the Cash Flows Statement. Question: What are definitions of operating, investing, and financing activities?…

From  tutoringcenter on October 14th, 2014 0 likes 319 plays 0  

Adjusting Entry for Prepaid Expenses

How and when you make the adjusting entry for a prepaid expense. Question: How and when do you make the adjusting entry for a prepaid expense?

From  tutoringcenter on October 14th, 2014 0 likes 21 plays 0  

Accounting Equation

The accounting equation and the components and definitions/explanations of each component. Question: What is the accounting equation and the 3 components in the accounting equation?

From  tutoringcenter on October 13th, 2014 0 likes 62 plays 0  

Retained Earnings

Calculating retained earnings and its part of stockholder's equity. Question: How do you calculate retained earnings?

From  tutoringcenter on October 13th, 2014 0 likes 21 plays 0  

Income Statement

How to calculate net income, what is included in net income. Question: What is included in your income statement?

From  tutoringcenter on October 13th, 2014 0 likes 36 plays 0  

Balancing the Accounting Equation

Solving for the missing component of the accounting equation (Asset, Liability, or Stockholder's Equity). Question: How do you keep the accounting equation in balance?

From  tutoringcenter on October 13th, 2014 0 likes 91 plays 0