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Analyzing Transactions

Analyzing Transactions

These slides should be viewed using the presentation mode (left click your mouse on the icon). Analyzing Transactions. Chapter 2. Student Version. Learning Objective 1. Describe the characteristics of an account and a chart of accounts. LO 1. Using Accounts to Record Transactions.

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550 views • 54 slides
Analyzing Transactions

Analyzing Transactions

2. Analyzing Transactions. 1. The T Account. Title. The T account has a title. 1. The T Account. Title. Debit. The left side of the account is called the debit side. 1. The T Account. Title. Debit. Credit. The right side of the account is called the credit side. 1.

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563 views • 46 slides
Analyzing Transactions

Analyzing Transactions

2. Analyzing Transactions. Student Version. 1. Describe the characteristics of an account and a chart of accounts. 2-2. 1. The T Account. Title. Debit. The right side of the account is called the credit side. The left side of the account is called the debit side. 1. Cash.

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418 views • 41 slides
The Adjusting Process

The Adjusting Process

3. The Adjusting Process. Student Version. 1. Describe the nature of the adjusting process. 3-2. 1. Types of Accounts Requiring Adjustment. Prepaid expenses are the advance payment of future expenses and are recorded as assets when cash is paid. 1.

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313 views • 31 slides
The Adjusting Process

The Adjusting Process

3. The Adjusting Process. Student Version. 1. Describe the nature of the adjusting process. 3-2. 1. Types of Accounts Requiring Adjustment. Prepaid expenses are the advance payment of future expenses and are recorded as assets when cash is paid. 1.

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311 views • 31 slides

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