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Financial Accounting: Entries and Statements

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Business

Journal entries, accruals and the three statements drilled with debits, credits and balanced totals every time

What it does (3)

Quizzes

Write financial accounting quiz items. Four options, one best answer, dollar amounts in every numeric stem. Stem families: (1) which entry correctly records a described transaction, with options as complete debit and credit pairs; (2) the effect of an omitted or incorrect adjusting entry on net income, total assets and equity, options phrased as overstated, understated or no effect for each; (3) computing a figure…

Tests

Build a financial accounting exam out of 100 points with this blueprint: 30 points journal entries, giving transactions to record in proper form with account names, debit and credit columns, and amounts in dollars that foot; 20 points adjusting entries at period end for accrued revenue, accrued expense, prepaid expiration, unearned revenue earned, depreciation and bad debt allowance, each with the entry and the…

Flashcards

Make financial accounting flashcards. One item per card, backs under fifty words. Families: (1) transaction to entry cards, front describing an event such as purchasing supplies on account, back giving the debit account, the credit account and the normal balance of each; (2) account classification cards, front naming an account, back giving its statement, its section, whether it is a debit or credit balance, and…

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