CHAPTER 3

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3-1CHAPTER 3The accounting Information SystemASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestionsBriefExercisesExerc isesProblems , 2, 3, 51, 21, 2, 3, 4, 191 , 7 , 132, 3, 41, 2, 7 , 14, 16, 173, 4, 5, 6, 7,8, 9, 105, 6, 7, 8,9, 10, 221, 2, 3, 4, 5, 6,7, 8, 9, 11 statements11, 12, 25, 261, 2, 4, 6 , 14, 181, 4, 8, 9, 11 and costof goods , 10, 11, 121112, 14, 15, 16 , 2, 6, 11* vs. Accrual Basis18, 19, 201320, 2110*10. Reversing *11. Worksheet2223, 24, 2511*These topics are dealt with in the Appendix to the CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)Learning basic accounting double-entry steps in accounting transactions in journals, post to ledgeraccounts, and prepare a trial , 2, 3, 4,5, 6, 71, 2, 3, 4, 191, 4, 8, the reasons for preparing , 4, 5, 6,7, 8, 9, 105, 6, 7, 8,9, 10, 222, 3, 4, 5, 6,7, 8, 9, financial statements from the adjustedtrail , 121, 2, 4, 6,7, 8, 9, closing , 14, 181, 4, 8, 9, how to adjust inventory accountsat.

zero at the end of the accounting period; therefore, the term temporary or nominal is sometimes given to these accounts. 5. The double-entry system means that for every debit amount there must be a credit amount and vice-versa. At least two accounts are affected. It does not …

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