Financial Analysis Essay -- essays research papers

Financial Accounting MidTermI.      account vs. CreditA.     DebitDebit = left side of T-accountOn the proportion stable gear a account indicates 1.     An increase in an asset2.     A decrease in a liability3.     A decrease in shareholders equity itemB.     CreditCredit = Right side of T-accountOn the Balance ragtime a deferred payment indicates1.     A decrease in an asset2.     An increase in a liability3.     An increase in shareholders equity item** HINT** - Identify two components of each proceeding 1.) what did you get 2.) where did it come from. The debit is what you got, and the credit is the source of the item you received. For instance, lets imagine that you purchase a computer with your credit card. Since the computer is what you received its going to result in a debit to the asset acco unt for your computer. The credit will be applied to the credit card liability account for the same amount. II.     What accounts augment/ slack with debits and credit     Account Type     Debit      CreditBalance Sheet     Assets      Increase     DecreaseBalance Sheet     Liabilities     Decrease     IncreaseBalance Sheet     Owners Equity     Decrease     IncreaseIncome Statement     gross     Decrease     IncreaseIncome Statement     Cost of goods sold     Increase     DecreaseIncome Statement     Expenses     Increase     DecreaseIII.  & nbsp  Typical Accounts A.     Assets hard cash     Marketable Securities Accounts due      Notes receivableInterest Receivable  &nb... ...ccounts decrease cash and appear with negatively charged signs.2) Step 2 Classify the change in each relaxation sheet account as an operating, or investing, or financing application and enter it in the appropriate column of the work sheet utilize the same sign as the first column. 3.) Step 3 congeries the entries in the Operations, Investing, and Financing Columns and dismiss the 3 sums to ensure that they equal the net change in cash. ***Things to Remember***In T-accounts the balance are as follows     Asset balance on the left     Liability balance on the right     Stockholders equity balance on the rightBalance Sheet is written as follows     Assets     Liabilitie s      Stockholders equityIncome Statement is written as follows      gross sales      Other Revenue     Cost of Goods Sold     Expenses     Net IncomeStatement of Cash Flows (Indirect Method) is written as followsOperations InvestingFinancing