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What is GAAP 2019
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=7zu_gtJ6yqE
In this episode, we will discuss what is Generally Accepted Accounting Principles (GAAP), overview of the accounting cycle, and some basic asset and liability accounts of a service business. • Correct answers: • 1. Going Concern Assumption • 2. Accounting Constraints • 3. Cost Principle • 4. Cost-Benefit Constraint • 5. Full Disclosure Principle • 6. Accounts Receivable • 7. GAAP • • The correct answers for our first video entitled What is Business and Accounting? are as follows: • 1. Manufacturing Business • 2. Merchandising Business • 3. Corporation • 4. Liability • 5. Income Statement • 6. Equity • 7. Statement of Cash Flows • We will be making more videos about basic accounting. To be updated for the latest video uploads. Subscribe and click the bell button. • Please send us your feedback in order to improve our future videos at [email protected] • Please like our facebook page at / akawntingpage • Our website: https://akawnting.com
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