BA220 Financial Accounting, Week 1 Assignment
Application Problems Chapter 1 and 2.
Exercises 1-6A through 1-9A on p. 33
Exercises 1-11A and 1-12A on p. 34 and 35
Respond to the following:
Why is the knowledge of accounting concepts and terminology useful to anyone in a business activity?
Is there a difference between bookkeeping and accounting? Discuss.
Accounting reports past performance. How can this be useful when planning future operations?
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