Download e-book for kindle: Accounting I Essentials by Duane R. Milano

By Duane R. Milano

ISBN-10: 0738670383

ISBN-13: 9780738670386

REA's necessities offer fast and straightforward entry to serious info in a number of diverse fields, starting from the main uncomplicated to the main complicated. As its identify implies, those concise, entire research courses summarize the necessities of the sector lined. necessities are beneficial whilst getting ready for tests, doing homework and may stay an enduring reference resource for college students, academics, and pros. Accounting I contains accounting ideas, the accounting cycle, adjusting entries, last entries, worksheet tactics, accounting for a promotion operation, inner regulate and really expert journals, money, receivables, stock, estate, crops and gear, and long term resources.

Show description

Read or Download Accounting I Essentials PDF

Best study guides books

Holes: Focus on Reading - download pdf or read online

Suffering readers usually lack uncomplicated studying talents and aren't built with past wisdom and analyzing innovations to completely interact within the school room literature adventure. supply your scholars the historical past and help they should comprehend and revel in literature. With those analyzing publications, your scholars will perform interpreting comprehension talents, sharpen their vocabulary, and learn how to determine literary parts.

Get Schaum's Easy Outline of Principles of Economics PDF

I love it. it is simply what it claims to be, a crash direction within the rules of economics. solid e-book to have round.

Download e-book for iPad: Schaum's Outline of Discrete Mathematics, Revised Third by Seymour Lipschutz

Difficult try Questions? ignored Lectures? no longer adequate Time? thankfully for you, there is Schaum's Outlines. greater than forty million scholars have relied on Schaum's to aid them achieve the study room and on checks. Schaum's is the most important to speedier studying and better grades in each topic. each one define provides all of the crucial direction info in an easy-to-follow, topic-by-topic structure.

Accounting Demystified - download pdf or read online

Accounting details and advice you could take to the financial institution! you'll now not recognize first thing approximately debits, credit, and funds ratios now―but whilst you’re performed with this e-book, you’ll manage to juggle gains and losses along with your eyes closed and browse any stability sheet like it’s a great novel. Accounting DeMySTiFieD, moment variation, is a curriculum-based, self-teaching consultant that makes studying accounting more uncomplicated than 1-2-3.

Extra info for Accounting I Essentials

Sample text

5 REPLACEMENT COST All of the methods discussed so far deal with historical costs. Within the accounting establishment, there is strong support for using the concept of replacement cost. This is sometimes referred to as next-in, first-out, or NIFO. Currently, replacement cost is not allowed within generally accepted accounting principles or GAAP. 4 COMPARISON OF COST METHODS Remembering that the sum of ending inventory and cost of goods sold is equal to the total cost of goods available for sale, it is clear that a difference in ending inventory will have a like effect on cost of goods sold.

6 TRADE DISCOUNTS Trade discounts are price concessions made to certain buyers where the actual price charged is less than the list price. No entries are required since sales are recorded at actual price, not the list price. 7 SALES DISCOUNTS Cash discounts are deductions allowed to customers to encourage them to pay their bills in a timely manner. These discounts are usually stated as: 2/10; n/30. This means a discount of 2% is available if paid within 10 days, but after that time, the customers must pay the full amount.

All bank accounts should be reconciled monthly. 6. A petty cash fund should be set up to make minor disbursements. It should be reconciled monthly. 3 BANK ACCOUNT RECONCILIATIONS Usually the major amount of the cash assets of a firm is in the form of deposits with banks or other financial institutions. Realize that a debit (asset) to the bank is a credit (liability) to you. Likewise, when the bank says a credit, this will be a debit on the firms’ books. This reversal in accounting terms that occurs when dealing with bank accounts often causes problems.

Download PDF sample

Accounting I Essentials by Duane R. Milano

by Jeff

Rated 4.64 of 5 – based on 7 votes