Introduction to Accounting - Homework
Introduction to Accounting - Homework

Introduction to Accounting - Homework

Lead Author(s): Washington State Colleges

Source: Open Course Library

Student Price: FREE

An engaging accounting homework assignment created by Jackie Franklin for Washington State Colleges.

This content is licensed under the Creative Commons Attribution 3.0 Unported License.

Introduction to Accounting - Homework



D1

What is the definition of accounting?


D2

What is one of the four assumptions of accounting and why is it important?


D3

What is one of the three principles of accounting? What does it mean?


D4

How are revenues different than assets? How are liabilities and expenses different?


D5

Explain the different financial statements are used in accounting, and what purpose each statement serves.


D6

What are the qualitative characteristics of accounting and why are they necessary to accounting information?



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​Washington State Colleges

​Course Designer: Jackie Franklin