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Week 10
Week 10seanblack1000
油
This document discusses the use of subsidiary ledgers to manage large volumes of accounts receivable and accounts payable records. It explains that subsidiary ledgers allow businesses to have individual accounts for each customer and vendor while summarizing the information in controlling accounts in the general ledger. The document provides examples of accounting entries posted to both the subsidiary ledgers and general ledger for a receivable and payable transaction. It also describes how subsidiary ledgers are reconciled to the related general ledger controlling accounts through schedules of customer and vendor balances.Week 2
Week 2seanblack1000
油
The document discusses the chart of accounts, which is a numbered list of all accounts used by a business to track transactions that affect different accounts. The chart of accounts allows accounts to be located quickly and grouped according to classifications like assets, liabilities, equity, revenues, and expenses. A T account format is used to analyze transactions and how they change account balances, with the left side representing debits that increase accounts and the right side representing credits that decrease accounts. Normal account balances are also discussed, with assets having a normal debit balance and liabilities/equity having a normal credit balance.Week 9
Week 9seanblack1000
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The document discusses special journals that can be used for specific transaction types when an expanded general journal is no longer practical. It describes sales, cash receipts, and sales returns and allowances journals. For sales, accounts receivable is debited and sales and sales tax payable are credited. For cash receipts, cash is always debited and accounts are credited based on the transaction. Sales returns and allowances have a normal debit balance and are contra accounts that reduce the sales account.Week 8
Week 8seanblack1000
油
This document discusses special journals that can be used for specific transaction types to make the journalizing process more efficient as the volume of transactions grows. It covers purchase journals that debit purchases and credit accounts payable, cash payment journals, and contra accounts like purchases discounts and purchases returns and allowances that reduce the purchases account balance rather than crediting the account directly.Results & findings 
Results & findings huntergroup5
油
A survey of 80 college students found that females comprised 51.67% of respondents, with the largest age groups being 18-20 years (40%) and 21-23 years (46.67%). The top reported ethnicities were Asian/Pacific Islander (33.33%) and African American (31.67%). Most students reported their stress levels from school (moderately stressful) and family (moderately stressful) as moderate, but reported above average stress regarding their future job prospects. Asian/Pacific Islander and Hispanic students generally reported above average stress levels, while African American students reported moderate stress levels on average.Week 7
Week 7seanblack1000
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- Two or more individuals form a partnership by combining their assets and skills to go into business together. They create a partnership agreement to outline partner investments, duties, income/loss division, and contingencies.
- A merchandiser buys merchandise to resell, either paying with cash or purchasing on account from vendors. The purchases account tracks the cost of goods bought for resale. Special journal columns help track transactions affecting key accounts like purchases.
- When transactions span multiple journal pages, the columns are totaled and proven to ensure debits equal credits before carrying totals to a new page. Special column totals can then be directly posted to accounts, saving time over individual posting.Projet de Recherche Appliqu辿e Shared Value, Vincent Gr竪zes, Institut Entrepre...
Projet de Recherche Appliqu辿e Shared Value, Vincent Gr竪zes, Institut Entrepre...Vincent Gr竪zes
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Projet de Recherche Appliqu辿e Shared Value, Vincent Gr竪zes, Institut Entrepreneuriat & Management, HES-SO Valais-Wallis
Week 4
Week 4seanblack1000
油
This document discusses the ledger and trial balance processes. It explains that the ledger contains a list of transactions and account balances but not overall balances. The trial balance totals debit and credit columns to check that debits equal credits. If the trial balance does not balance, the document provides tips to check for errors such as omitted transactions, incorrect postings, or incorrectly classified balances.Week 6
Week 6seanblack1000
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At the end of each fiscal period, certain general ledger accounts need to be updated and temporary accounts must be closed out. Temporary accounts, like revenue and expense accounts, have their balances reset to zero through closing entries. Closing entries credit revenue accounts and debit expense accounts, then transfer the net income or loss to the owner's capital account through an income summary account. Once adjusting and closing entries are posted, a post-closing trial balance is prepared to verify the accounting cycle for the period is complete.
Gr竪zes (2016) Les bases du financement participatif (Crowdfunding) dans Energ...Vincent Gr竪zes
油
Pr辿sentation du crowdfunding dans l'辿nergie au Pecha Kucha de l'Axe Energie de la HES-SO Valais-Wallis, Haute Ecole d'Ing辿nieurs Sion (Avril 2016)Closing process
Closing processseanblack1000
油
Assets = Liabilities + Capital + Revenue - Expenses - Withdrawals is the expanded accounting equation that tracks the finances of a business over time. Permanent accounts like assets and liabilities carry balances between periods while temporary accounts like revenue, expenses, and withdrawals are reset to zero at the end of each period. When closing the books, revenue and expenses are cleared to an income summary account, which then clears to the owner's capital account, leaving the accounting equation as Assets = Liabilities + Ending Capital to begin the new period.Week 3
Week 3seanblack1000
油
The document discusses source documents, journals, and the journal entry process. It states that every transaction must have a source document as proof and that source documents contain the necessary information for recording transactions in journals. Journals are used to record transactions in chronological order and include information from source documents like checks, invoices, receipts, and memos. The general journal can record any transaction, identifying the affected accounts and debits and credits. Each journal entry must include the date and source document information.More Related Content
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Week 4
Week 4seanblack1000
油
This document discusses the ledger and trial balance processes. It explains that the ledger contains a list of transactions and account balances but not overall balances. The trial balance totals debit and credit columns to check that debits equal credits. If the trial balance does not balance, the document provides tips to check for errors such as omitted transactions, incorrect postings, or incorrectly classified balances.Week 6
Week 6seanblack1000
油
At the end of each fiscal period, certain general ledger accounts need to be updated and temporary accounts must be closed out. Temporary accounts, like revenue and expense accounts, have their balances reset to zero through closing entries. Closing entries credit revenue accounts and debit expense accounts, then transfer the net income or loss to the owner's capital account through an income summary account. Once adjusting and closing entries are posted, a post-closing trial balance is prepared to verify the accounting cycle for the period is complete.Gr竪zes (2016) Les bases du financement participatif (Crowdfunding) dans Energ...Vincent Gr竪zes
油
Pr辿sentation du crowdfunding dans l'辿nergie au Pecha Kucha de l'Axe Energie de la HES-SO Valais-Wallis, Haute Ecole d'Ing辿nieurs Sion (Avril 2016)Closing process
Closing processseanblack1000
油
Assets = Liabilities + Capital + Revenue - Expenses - Withdrawals is the expanded accounting equation that tracks the finances of a business over time. Permanent accounts like assets and liabilities carry balances between periods while temporary accounts like revenue, expenses, and withdrawals are reset to zero at the end of each period. When closing the books, revenue and expenses are cleared to an income summary account, which then clears to the owner's capital account, leaving the accounting equation as Assets = Liabilities + Ending Capital to begin the new period.Week 3
Week 3seanblack1000
油
The document discusses source documents, journals, and the journal entry process. It states that every transaction must have a source document as proof and that source documents contain the necessary information for recording transactions in journals. Journals are used to record transactions in chronological order and include information from source documents like checks, invoices, receipts, and memos. The general journal can record any transaction, identifying the affected accounts and debits and credits. Each journal entry must include the date and source document information.