UNT - HMGT 2280 - Class Notes - Week 3
View Full Material
This preview shows page 1 of a 48 page document.
Sign up
to view the rest of the content
Stockholders’ Equity
Common Stock (Investments by Stockholders)
Retained earnings (Net Income retained in business)
dividends
Net Income or Net loss (Revenues less expense)
Hospitality Financial Accounting
Week 3 Chapter 3
Debit & Credit
Never write negative or positive on debit side
Never write negative or positive on credit side
o Debits: increase assets, decrease liabilities, decrease common
stock, decrease retained earnings, increase dividend, decrease revenue, increase expenses o Credits: decrease assets, increase liabilities, increase common stock, increase retained earnings, decrease dividends, increase
revenue, decrease expenses. Debit = credit Definitions: Credit: the right side of an account Debit: the left side of an account An account consists of three parts: o Title of the account,
o A left, or debit, side,
o And a right, or credit, side
This is the end of the preview. Please
Sign up
to view the rest of the content
Join more than 18,000+ college students at University of North Texas who use StudySoup to get ahead
School: University of North Texas
Department: Hospitality
Course: Hospitality Accounting
Professor: Jeff Britain
Term: Spring 2019
Tags: UNT, HospitalityFinancialAccounting, Accounting, and JeffBritain
Name: Hospitality Financial Accounting
Description: chapter 2-3, week 3
Uploaded: 02/04/2019
48
Pages
38
Views
30
Unlocks
- Better Grades Guarantee
- 24/7 Homework help
- Notes, Study Guides, Flashcards + More!
Join StudySoup for FREE
Get Full Access to
UNT - Class Notes - Week 3
Already have an account?
Login here
Reset your password
I don't want to reset my password
Need help? Contact support
We're here to help
Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or support@studysoup.com
Password Reset Request Sent
An email has been sent to the email address associated to your account.
Follow the link in the email to reset your password.
If you're having trouble finding our email please check your spam folder
Incorrect Password
The password used to log in with this account is incorrect
Forgot password? Reset it here