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- Summary • 0 pages • 2024
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Accounting Equation - Problem 1 - By SahebAcademy 
Saheb Academy 
Asset is equal to liabilities plus equity or capital. 
 
 
Assets = Liability + Equity. 
 
 
Revenue and expenses affect the equity or capital. 
 
Whatever we add to one side, the same thing has to be added to the other side. 
 
 
Let's take a practical example: 
 
 
Transaction: 
 
Sale of goods costing $10,000 for cash $14,000 
 
 
This is a bit tricky transaction to understand. Goods are increasing and cash is decreasing becau...
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Exam (elaborations) Mgsu University Accounting
- Exam (elaborations) • 1 pages • 2024
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Read it and score good marks in exams.
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Summary of the book 'Accounting' by Marshall, McManus & Viele
- Summary • 17 pages • 2013
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A complete summary of the book 'accounting for the course include accounting data on the University of Amsterdam.
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