'Transaction 2 august 3' presentation slideshows

What is accounting?

What is accounting?. The planning, recording, analyzing, and interpreting of financial information. Why is an accounting background important for a career in business? Business executives must understand the financial position/well being of a company in order to make informed business decisions.

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Chapter 1

Chapter 1. The Accounting Equation. General Info. Accounting is the language of business ! Understanding accounting helps managers & owners make better business decisions. Failure to understand accounting info. can result in poor business decisions.

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Chapter 1

Chapter 1. Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation

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Chapter 1 Starting a Proprietorship: Changes that Affect the Accounting Equation

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LESSON 1-1

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LESSON 1-1

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LESSON 1-2

LESSON 1-2. How Business Activities Change the Accounting Equation. Original created by M.C. McLaughlin, Thomson/South-Western Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School. Business activities change the amounts in the accounting equation.

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LESSON 1-1

LESSON 1-1. The Accounting Equation. THE ACCOUNTING EQUATION. page 8. LESSON 1-2. How Business Activities Change the Accounting Equation. Transaction 1 August 1. Received cash from owner as an investment, $5,000.00. RECEIVING CASH. page 10.

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LESSON 1-2

LESSON 1-2. How Business Activities Change the Accounting Equation. Objectives ? Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.

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LESSON 1-2

LESSON 1-2. How Business Activities Change the Accounting Equation. Transaction 1 August 1. Received cash from owner as an investment, $5,000.00. RECEIVING CASH. page 10. Transaction 2 August 3. Paid cash for supplies, $275.00. PAYING CASH. page 11.

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RECEIVING CASH

RECEIVING CASH. Transaction 1 August 1. Received cash from owner as an investment, $10,000.00. Lesson 1-2, page 9. PAYING CASH. Transaction 2 August 3. Paid cash for supplies, $1,577.00. Transaction 3 August 4. Paid cash for insurance, $1,200.00. Lesson 1-2, page 10.

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