1- Deferrals
2-journal
3-Normal balance
3-Posting
4- Current assets
5-Trial balance
6-Trial balance
7-recording process
8-revelence/reliability
9-Inventory turnover
10- Cost of goods sold
1 Deferrals 2 Journal 3 Normal Balance 3 Posting 4 Current Assets 5 Trial Balance 6 Trial Balance 7 Recording Process 1 (65.6 KiB) Viewed 11 times
elp a col ocke [Choose ] listed by date make accounting information useful for decision making listed by liquidity standard form of account cost principle ✓ adjusting entries for prepaid expenses or unearned revenues transfer of journal entries to the ledger accounts listed in alphabetical order general ledger FIFO balance on the side where an increase in the account is recorded measures the liquidity of inventory begins with the transaction purpose of transaction analysis proves that debits equal credits after posting beginning inventory + cost of goods purchased - ending inventory book of original entry journal entry chart of accounts LIFO $ sh Flow
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