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[DOC File]SUMMARY OF ACCOUNTING BASICS - Washburn University
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1. Accounting Equation: Assets = Liabilities + Owner’s Equity. 2. T Account: Account Title. Left Side. debit Right Side. credit 3. Rules of Debit and Credit: Balance Sheet Accounts ASSETS. Asset Accounts LIABILITIES. Liability Accounts Debit. for. increases Credit. for. decreases Debit. for. decreases Credit . for . increases OWNER’S EQUITY
accounting equation pdf

[DOC File]Balance Sheet Exercises - EconEdLink
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A. The accounting equation can be expressed as: Assets minus Liabilities equals Owner’s Equity. In other words, Own minus Owe equals Worth. Complete the table below: Assets Liabilities Owner’s Equity $ 2,397 $ 1,457 1. $ 12,629 $ 9,462 2. $ 50,388 $ 5,294 3. 4. $62,300 $ 2,937 5. $ 4,543 $94,123 $ 8,832 6.
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[DOCX File]ACCOUNTING & FINANCE FOUNDATIONS
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Part Three – Analyzing How Transactions Change an Accounting Equation. Directions: For each of the following transactions, select the . two. accounts in the accounting equation that are changed. Decide if each account is increased or decreased. Place a “+” in the column if the account is increased.
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[DOCX File]Bank
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EFFECT ON ACCOUNTING EQUATION. CRJ. CPJ. DJ. DAJ. CJ. CAJ. GJ. A = E + L. Credit card sales R5 060. A debtor, L Late with a balance of R12 000, is insolvent. Received an amount of 60 cents in the Rand from his estate. The balance must be written off as irrecoverable. Bought equipment and pay by cheque, R48 000.
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[DOC File]Form 5 Accounting: Transaction Analysis Exercise
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Study the transactions shown on the accounting equation and FULLY DESCRIBE EACH one. Ensure that you use an appropriate example for expense, and dollar amounts. Transaction A …
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[DOC File]Accounting I - Whitewater High School
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Define terminology related to accounting careers. Describe how accounting serves as a basis for careers. List the differences in the tasks of different accounting workers. The student will demonstrate accounting procedures used in proprietorships and partnerships. Analyze how transactions affect items in an accounting equation.
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[DOC File]Chapter 5—Accounting for Merchandising Operations
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Explain the steps in the accounting cycle for a merchandising company. ... —Purchases is a temporary account whose normal balance is a debit and located under the Expense section of the accounting equation. ... a separate trial balance is not prepared as we use the first two columns of the worksheet for this initial trial balance (a listing ...
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[DOC File]Accounting Equation - Dearborn Public Schools
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Preparing a Worksheet (See Chapter 7) Preparing an Income Statement and Balance Sheet from a Worksheet (See Chapter 8) Additional. There are a number of questions concerning the establishment and replenishment of Petty Cash. Title: Accounting Equation ... Accounting Equation ...
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[DOC File]Curriculum
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Learners complete worksheet on the Ledger accounts. Learners complete activities and show the effect on accounting equation. Textbook. Case studies-Chalkboard-Worksheet (ledger accounts) Observation of written work. Homework and class-work. Peer assessment and self-assessment. Class-test
accounting equation pdf

Accounting equation worksheet