Transaction analysis in accounting equation

Lecture Principle of accounting - Chapter 2: Accounting equation. After studying this chapter, you should be able to: define accounting equations and the basic elements of accounting equations; transaction analysis in accounting equation;...

11p hidetoshidekisugi 16-06-2022 21 3   Download

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?...

22p larachdumlanat122 28-11-2020 28 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;...

31p allbymyself_10 02-03-2016 54 7   Download