The Accounting Equation
Understand the basic accounting model. Asset = Liabilities + Owners’ Equity. Why it must remain in balance and how to ensure that it stays in balance. Learn to record basic transactions and see the affects that each transaction has on the accounting equation. Use these transactions to form a basic balance sheet. To help you along at school we have included a balance sheet template in a separate downloadable file. Save time drawing up a new balance sheet each time and print out this easy to use template every time you need to create a balance sheet of your own
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