ACCT 211 (ACCT-211)
Three Rivers Community College
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Classification of Accounts
- Other • 3 pages • 2023
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Provides a list of each account type, what the normal balance (the side of the T chart account that is positive or increasing) is (debit or credit), what classification the account goes to (asset, liability, expenses, equity, etc.) and which financial statement it should appear on (balance sheet, income statement, retained earnings statement or Statement of Owner's Equity, etc.)
Other
Classification of Accounts
Last document update:
ago
Provides a list of each account type, what the normal balance (the side of the T chart account that is positive or increasing) is (debit or credit), what classification the account goes to (asset, liability, expenses, equity, etc.) and which financial statement it should appear on (balance sheet, income statement, retained earnings statement or Statement of Owner's Equity, etc.)
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$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia
$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia