Discontinued App

Journal Entry

50 Questions on Accounting Journal Entries App Description: This app provides an easy-to-access summary of essential knowledge on how to prepare accounting ...

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Description

50 Questions on Accounting Journal Entries App Description: This app provides an easy-to-access summary of essential knowledge on how to prepare accounting journal entries. Basic concepts are structured in a question-and-answer format for instant application to real-world transactions. Read questions and answers in "Review Mode" first and then test your understanding by using the "Quiz Mode" feature. You can switch between review and quiz modes at any time. This app was designed to help: (1) Students who are currently taking an introductory financial accounting course; (2) Students who wish to refresh their understanding of accounting journal entries; and (3) Business professionals who would like an overview of the double-entry recording system, including the concepts of debits and credits. The app includes 50 questions organized into 8 sections: Q. 1-7: Debits and credits Q1. Journal entry Q2. Debits and credits Q3. Accounting equation Q4. Debit accounts Q5. Credit accounts Q6. Normal balances Q7. Balancing of a journal entry Q. 8-13: Merchandise transactions Q8. Cash receipt Q9. Cash payment Q10. Purchase of merchandise Q11. Sale of merchandise Q12. Cost of goods sold Q13. Gross profit Q. 14-17: Accrual basis accounting Q14. Prepaid expenses Q15. Accrued expenses Q16. Unearned revenue Q17. Accrued revenue Q. 18-24: Assets Q18. Accounts receivable Q19. Notes receivable Q20. Allowance for doubtful accounts Q21. Purchase of equipment Q22. Depreciation Q23. Sale of equipment Q24. Goodwill Q. 25-30: Liabilities Q25. Accounts payable Q26. Notes payable Q27. Salaries payable Q28. Income taxes payable Q29. Issuance of bonds payable Q30. Repayment of bonds payable Q. 31-34: Equity Q31. Issuance of common stock Q32. Cash dividend Q33. Stock dividend Q. 35-45: Summary Q35. Debits and credits Q36. Merchandise transactions Q37. Accounts receivable Q38. Prepaid expenses Q39. Unearned revenue Q40. Purchase of noncurrent assets Q41. Depreciation Q42. Sale of noncurrent assets Q43. Borrowings Q44. Common stock Q45. Cash dividend Q. 46-50: Review Q46. Review questions 1 Q47. Review questions 2 Q48. Review questions 3 Q49. Review questions 4 Q50. Review questions 5

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Technical specifications

Version: 1.0

Size: 93.21 KB

System:

Price: 4,58 €

Developed by Pinfolio LLC

Day of release: 2012-01-24

Recommended age: 4+

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