Thursday, October 5, 2017

Analyzing Transactions Chapter 2

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Analyzing Transactions Chapter 2

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Chapter 2 • Analyzing Business Transactions . TEACHING OBJECTIVES . 2-1) Record in equation form the financial effects of a business transaction. 2-2) Define, identify, and understand the relationship between asset, liability, and owner’s equity accounts. ... Get Content Here

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Chapter 3 • Analyzing Business Transactions Using T Accounts . TEACHING OBJECTIVES . 3-1) Set up T accounts for assets, liabilities, 13-2. This chapter explains how to enter business transactions into the T accounts. a. Increases in an asset account appear on the debit ... View Full Source

Analyzing Transactions Chapter 2

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Chapter 2: Analyzing and Recording Business Transactions ACCOUNTING PRACTICE Discussion Questions: Key Points 1. Assets are listed in order of liquidity, or closeness to cash. 2. When the company pays for something in advance that won’t be used up in this accounting ... Read More

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