Book: Accounting Principles II

For the purpose of this review, your knowledge of the following fundamental
ideas is assumed:
Generally accepted accounting principles: accrual basis of accounting, revenue recognition principle, matching principle, time period assumption, materiality principle.
Financial statements: balance sheet, income statement, statement of owners’ equity.
Analyzing transactions
Account
Contra account
Journal
Journal entry
General ledger
Accounts receivable
Reserve account
Allowance for doubtful accounts
Inventory systems: perpetual inventory, periodic inventory.
Inventory costing methods: FIFO, LIFO.
Cost of goods sold
Gross profit
Depreciation: straight-line depreciation.
Compounding
Book: Accounting Principles II (Download)