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5 Cards in this Set
- Front
- Back
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5 questions- what's going on, what accounts are affected, how are they affected, does the balance sheet make sense, does my analysis make sense?
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transaction analysis methodology
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economic interchanges between entities that are accounted for and reflected in financial statements
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transactions
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an account format with a debit side and a credit side
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t-account
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evidence of a transaction that supports the journal entry recording the transaction
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source document
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the process of recording a transaction in a format that shows the debit accounts and amount and credit accounts and amounts
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post
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