PreparED Study Materials

Week 4 - ACCY201 Exam 2 Study Guide

Author: Student Professor: Barton, Whitney Term:

This study guide covers all of what Dr. Barton said we'd be tested on in Chap 5-7, including explanations and examples of journal entries and calculations. Topics include: cost of inventory items, effects of the costing methods on financial statements, FIFO, LIFO, weighted average, internal control systems, petty cash, direct write offs, receivables, allowances for doubtful accounts, etc.

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