Intermediate Accounting Volume 1, 11th Canadian Edition by Bruce J. McConomy; Donald E. Kieso – Test Bank
To Purchase this Complete Test Bank with Answers Click the link Below https://tbzuiqe.com/product/intermediate-accounting-volume-1-11th-canadian-edition-by-bruce-j-mcconomy-donald-e-kieso-test-bank/ If face any problem or Further information contact us At tbzuiqe@gmail.com Sample Test CHAPTER 3 THE ACCOUNTING INFORMATION SYSTEM& MEASUREMENT ISSUES CHAPTER LEARNING OBJECTIVES 1. Understand basic accounting terminology and explain double-entry rules. It is important to understand the following terms: (1) event, (2) transaction, (3)account, (4) permanent and temporary accounts, (5) ledger, (6) journal, (7) posting,(8) trial balance, (9) adjusting entries, (10) financial statements, (11) closingentries, and (12) reversing entries. The left side of any account is the debit side; theright side is the credit side. All asset and expense accountsare increased on the left or debi...