Accounting equation expanded

Chapter 4 - The bookkeeping process and transaction analysis. After reading this chapter, you should be able to answer the following questions: How can the basic accounting equation be expanded to include revenues and expenses? How does the expanded accounting equation stay in balance after every transaction? How is the income statement linked to the balance sheet through owners’ equity?...

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Adapting to the outside fact Many, children internalize social number-names, but how do they externalize them when communicating about outside numerosity? Mastering Many, children use bundle-numbers with units; and flexibly use fractions and decimals and negative numbers to account for the unbundled singles. This suggests designing a curriculum that by replacing abstractbased with concrete-based psychology mediates understanding through de-modeling core mathematics, thus allowing children to expand the number-language they bring to school.

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In this chapter students will be able to: Define debits and credits and illustrate how they are used to record transactions; explain the recording process and analyze, journalize, and post transactions; explain the purpose of a trial balance, and prepare one.

31p shiwo_ding2 03-04-2019 27 2   Download

Chapter 2 - Financial reporting mechanics. This chapter explain the relationship of financial statement elements and accounts, and classify accounts into the financial statement elements; explain the accounting equation in its basic and expanded forms; describe the process of recording business transactions using an accounting system based on the accounting equation;...

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