BE 01.12 – Select Components/Aspects of Relevance
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given definitions… match the component of relevance with the definition.
Given definitions… match the component of relevance with the definition.
Match each of the given definitions to the faithful representation.
Given balance sheet accounts… calculate the missing amounts.
Your numbers will vary.
Analyze transactions and indicate an increase or decrease in the accounting equation for providing services to customers, receive cash from customers, purchase bike equipment by signing a note, and pay utilities.
Your numbers will vary.
Given transactions (truck, supplies, rent)… record each.
Your numbers will vary.
Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
Your numbers will vary.
Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
Your numbers will vary.
Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
Your numbers will vary.
Given a trial balance with incorrect inputs… use that information to prepare a properly formatted trial balance.
Your numbers will vary.
Given amounts for assets, liabilities, equity, dividends, revenues, and expenses… determine the amount reported for net income.
Your numbers will vary.