1. BUSINESS HIGH SCHOOL-ACCOUNTING I
Temporary Capital Accounts
Types of Capital Accounts
Permanent Capital Accounts
How Revenue, Expenses, and Withdrawals Affect Owner’s Equity
Chapter 5
The Rules of Debit and Credit
Revenue Accounts
Applying the Rules of Debit and Credit to Temporary Accounts
Expense Accounts
Withdrawals Account
Equality of Debits and Credits
Trial Balance
Content Vocabulary:
Permanent Accounts
Revenue Recognition
Temporary Accounts
Accounting I Essential Learning Expectations-Chapter 5:
Temporary Accounts start each new accounting period with zero balances.
Permanent Accounts are continuous from one accounting period to the next.
A Trial Balance tests the equality of debits and credits.