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BAF3M – Mr.Scorcia – Spring 2019

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Day: March 5, 2019

The Trial Balance Review Period

March 5, 2019 Scorcia The Trial Balance
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The Expanded Ledger – Revenues , Expenses and Drawings

March 5, 2019 Scorcia Revenues and Expenses

What are revenues, expenses and drawings? How are these accounts related to Owner’s Equity? GAAP – Revenue Recognition Principle- What is the corresponding IFRS? The Chart of Accounts (Page 139) Additional Practice and Review Read Pages 132-135 Questions 1-4 Exercise 2 (Page 141) Video Resource image:http://pixabay.com/

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