Accounting

1. Accounting Cycle

1.1. During the Period

1.2. Athe End of The Period

2. Journals

2.1. Sales

2.2. Purchases

2.3. Cash Receipts

2.4. Cash Payments

3. Principles

3.1. GAAP Principles

3.1.1. Stable-monetary-unit concept

3.1.2. Going-concern concept

3.1.3. Cost principle

3.1.4. Reliability (objectivity) concept

3.2. Accounting Principles

3.2.1. Accrual vs. Cash-basis

3.2.2. Accounting period

3.2.3. Revenue principle

3.2.4. Matching principle

4. Accounting Equation: assets= liabilities+owner's equity

4.1. Assets (norm.bal.) debit

4.2. Liabilities (credit)

4.3. Owner's Equity (credit)