- what are the four categories of adjustments? What kind of accounts are prepaid expenses and unearned revenues?

-how to correct errors in a bank reconciliation -what purpose does a bank reconciliation serve? -what is an NSF check and how is it reflected on a bank rec?

-how is CGS determined in a periodic system? what would result in an over or understatement of ending inventory? what is accumulated depreciation?

- the steps of the accounting cycle

-what does the process of posting do?

-what is the entity principle?

-how is profitability defined?

-using the same method year after year is in line with which GAAP principle?

-what is liquidity?

-what are characteristics of financial accounting?

-what is a current liability vs. long term liability?

-what are the basic financial statements?-what exactly is a trial balance? -why are financial statements prepared?

-given info for stock how to calculate the balance in the common stock account? -what are the differences the difference between authorized, issued, and outstanding shares of stock

-what is retained earnings?