100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
EOPA Financial Accounting. Top Exam Questions and answers, 100% Accurate, verified. $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. EOPA
  4.  
  5. EOPA
  6.  
  7. EOPA

Exam (elaborations)

EOPA Financial Accounting. Top Exam Questions and answers, 100% Accurate, verified.
 5 views  0 purchase
  • Course
  • EOPA
  • Institution
  • EOPA

EOPA Financial Accounting. Top Exam Questions and answers, 100% Accurate, verified. Basic Accounting Equation - -assets= liabilities + stockholders' equity Assets - --own -debit -economic resources presently controlled by the company that have measurable value and are expected to benefit ...

[Show more]

Preview 1 out of 3  pages

Document information

  • July 25, 2023
  • 3
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • eopa financial accounting top exam questions and

Written for

  • EOPA
All documents for this subject (413)

Seller

avatar-seller
PassPoint02

Reviews received

Content preview

EOPA Financial Accounting. Top Exam
Questions and answers, 100% Accurate,
verified.

Basic Accounting Equation - ✔✔-assets= liabilities + stockholders' equity



Assets - ✔✔--own

-debit

-economic resources presently controlled by the company that have measurable value and are expected
to benefit the company by producing cash inflows or reducing cash outflows in the future (cash,
supplies, furniture, equipment)



Liabilities - ✔✔--owe

-credit

-measurable amounts that the company owes to credits (notes payable -loans, accounts payable)



Stockholders' equity - ✔✔--investments and retained earnings

-credit

owners' claim to the business resources (common stock and retained earning)



Net Income - ✔✔-Revenues-expenses =net income



Revenues - ✔✔--earned

-credit

-sales of goods or services to customers. they are measured at the amount the business charges the
customer



Expenses - ✔✔--incurred

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PassPoint02. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart