Search for tag: "accounting 201"

Balancing Equation, Affected Accounts Part 1

Which Accounts go up or down depending on the transaction. Question: How do different transactions effect the Balancing Equation?

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Income Statement

What the aspects of Net Income are. Question: What is the Income statement made up of?

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Balance Sheet

How a balance sheet is laid out. Question: What goes on a Balance sheet?

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Multi-Step Income Statement

The different sections of a Multi-Step Income Statement. Question: What is made up of a Multi-Step Income Statement?

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