College Accounting ch 5
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| show | A method of accounting under which revenues are recorded when earned and expenses are recorded when incurred.
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| Adjusted Trial Balance Columns | show 🗑
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| Adjusting Entries | show 🗑
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| Balance Sheet Columns | show 🗑
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| Book Value | show 🗑
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| Cash Basis of Accounting | show 🗑
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| show | An account with a credit balance that is deducted from the related asset account on the balance sheet.
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| Depreciable Cost | show 🗑
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| Depreciation | show 🗑
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| show | A 12-month period for which financial reports are prepared.
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| Historical Cost Principle | show 🗑
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| Income Statement Columns | show 🗑
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| Market Value | show 🗑
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| Matching Principle | show 🗑
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| Modified Cash Basis | show 🗑
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| show | Assets of a durable nature that will be used for operations over several years. Examples include buildings and equipment.
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| Salvage Value | show 🗑
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| Straight-Line Method | show 🗑
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| show | The difference between the asset account and its related accumulated depreciation account. Also known as book value.
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| Useful Life | show 🗑
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| Work Sheet | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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