July 2012
Intermediate to advanced
840 pages
33h 32m
English
book
Financial Accounting, IFRS Edition: 2nd Edition
by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Content preview from Financial Accounting, IFRS Edition: 2nd Edition
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| Chapter 2 | The Recording Process |
Learning Objectives
After studying this chapter, you should be able to:
1 Explain what an account is and how it helps in the recording process.
2 Define debits and credits and explain their use in recording business transactions.
3 Identify the basic steps in the recording process.
4 Explain what a journal is and how it helps in the recording process.
5 Explain what a ledger is and how it helps in the recording process.
6 Explain what posting is and how it helps in the recording process.
7 Prepare a trial balance and explain its purposes.
Feature Story
Accidents Happen
How organized are you financially? Take a short quiz. Answer yes or no to each question:
- Does your wallet contain so many debit card receipts that you've been declared a walking fire hazard?
- Was Yao Ming playing high school basketball the last time you balanced your bank account?
- Have you ever been tempted to burn down your house so you don't have to try to find all of the receipts and records that you need to fill out your tax return?
If you think it is hard to keep track of the many transactions that make up your life, imagine what it is like for a major corporation like Bank of ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.