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ACC100 Introductory Accounting Final Exam With Questions And 100% ALL SURE ANSWERS
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ACC100 Introductory Accounting Final Exam With Questions And 100% ALL SURE ANSWERS
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JACKLINEACC100 Introductory Accounting Final Exam With Questions And 100% ALL SURE
ANSWERS
Terms in this set (39)
what is the accounting equation? Assets = Liabilities + Owner's Equity
Using the A/E, if liabilities = $10 and O/E = $20, $30
what are the assets?
What accounts belong on the balance sheet? Cash, Accounts Receivable, Supplies, Prepaid Assets, Capital
What is the order that financial statements are Income Statement, Statement of O/E, Balance Sheet
prepared?
How do you calculate ending capital on the Beginning Capital + net income - withdrawls = ending capital
Statement of O/E?
Normal ending balance for a given account? AWE-D, LRC-C
Where is the net income / loss figure transferred To the Statement of O/E
to from the income statement
What 2 financial statements does the ending Statement of O/E and Balance Sheet
ACC100 Introductory Accounting Final Exam
How to perform a journal entry for performing DR = Fees Income CR = Cash
cash services
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