DURING THE PERIOD
END OF THE PERIOD
CUREENT RATIO
DEBIT RATIO
QUICK RATIO
GROSS PROFIT RATIO
PERIODIC
CREDIT TERMS
GROSS PROFIT METHOD
CLOSING
PRINCIPLES
CASH RECEIPTS
CASH PAYMENTS
SALES
PURCHASE
GAAP PRINCIPLE
ACCOUNTING PRINCIPLE
Dual aspect
Realization
Cost
Full disclosure
Merchandising
EXPENSES AND REVENUES ARE RECORDED IN THE PERIOD
NEEDED TO ENSURE ALL REVENUES AND EXPENSES
BASIS OF DOUBLE ENTRY SYSTEM
ASSESTS = LIABILITIES + EQUITY
REQUIRIED FOR FINANCIAL AUDITING
ASSESTS
LIABILITY
OWNERS EQUITY
PREPAID
ACCURALS
DEPRECIATION
Materiality
Conservation
Consistency
Full disclosure