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Principles of accounting is designed to meet the scope and sequence requirements of a twosemester accounting course that covers the fundamentals of financial and managerial accounting. Chapter corporations organization and capital stock transactions assignment. Chapter two accounting equation chapter three double entry system chapter four the asset of inventory chapter five recording business transactions chapter six errors chapter seven accruals and prepayments chapter eight accounting principles concepts chapter nine accounting for receivables chapter ten depreciation for noncurrent assets. The governmental accounting standards board gasb, which was established as an arm of the financial accounting foundation faf in april 1984, is the successor organization to. In the adjusting entry for an unearned revenue, a liability is debited and a revenue is credited. The revenue recognition principle, which states that revenue should be recognized in the accounting. To download more slides, ebook, solutions and test bank. Principles of financial accounting chapters 117 pdf kindle free download. Table of contents chapter 1 accounting in action chapter 2 the recording process chapter 3 adjusting the account chapter 4. With respect to contingencies, illustrations 12 and 14 summarize the general guidelines for the accounting and reporting of contingent liabilities and assets. Principles and methods peculiar to the industry in which the entity operations, even if such principles and methods are predominantly followed in that industry c. This subject guide is written for those of you who are studying principles of accounting. The preceding table includes links to basic and involved problems. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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