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Chapter 3 — Analyzing and Recording Transactions

Chapter 3 Outline

3.0  Why It Matters

LO 3.1  Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements

LO 3.2  Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions
LO 3.3  Define and Describe the Initial Steps in the Accounting Cycle

LO 3.4  Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements

LO 3.5  Use Journal Entries to Record Transactions and Post to T-Accounts

LO 3.6 Prepare a Trial Balance

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Financial Accounting adapted by SPSCC Copyright © 2020 by OpenStax is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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