Flash cards on fundamental accounting principles and the conceptual framework for South African students. (Made with love by a South African ACCN1006 student at Wits University in 2015)
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Created by BryanTurner
about 9 years ago
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Close
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Created by BryanTurner
about 9 years ago
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The Accrual Basis of Accounting
Define an asset
(3 points, 2 recognition criteria)
Define a liability
(3 points, 2 reconigition criteria)
Define Owner's Equity
Define an income
Define an expense
