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these are question. can someone answer them for me please Chapter 1 1. Know definition of accounting and why accounting is important to all business

these are question. can someone answer them for me please
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Chapter 1 1. Know definition of accounting and why accounting is important to all business majors. 2. Know the difference between accounting and bookkeeping, 3. Know the accounting process (identification, recording, communicating) 4. Know what GAAP means. 5. Know what the separate entity concept means 6. Know the accounting equation (including what affects Retained Earnings and how each item affects it) and the definition of all its components 7. Know the four financial statements and the proper order of preparation 8. Be able to determine the balance in Retained Earnings at the end of the accounting period 9. Be able to determine Net Income or Net Loss 10. (10 point write-out problem prepare a balance sheet in proper format (similar to quie), Chapter 2 1. Know what double-entry accounting means 2. Know what Debit & Credit means. 3. Know the definition of normal balance. 4. Be able to determine an amount missing from a T-account 5. Know what the journal is and what it is used for 6. Know what the lodger is and what it is used for 7. Know the definition of posting 8. Know what the Trial Balance is and its primary purpose 9. Correct sequence for the following: Journal: Ledger, Trial Balance; Financial Statements. 10. Be able to determine the effect of a particular journal entry on the accounting equation (example - bought a truck by taking out a loan; Assets increase, liabilities increase). 11. (10 point write-out problem) -- List of accounts - determine classification and normal balance. 12. (10 point write-out problem - Prepare joumal entries for business transactions

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