Lecture Accounting: What the numbers mean (10/e): Chapter 4 – Marshall, McManus, Viele
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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