Classification of Accounts
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.)
Libro relacionado
- 2018
- 9781337912143
- Desconocido
Escuela, estudio y materia
- Institución
- Three Rivers Community College
- Grado
- ACCT-211 (ACCT211)
Información del documento
- Subido en
- 24 de enero de 2023
- Número de páginas
- 3
- Escrito en
- 2020/2021
- Tipo
- Otro
- Personaje
- Desconocido
Temas
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accounts
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account title
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normal balance
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account
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account type
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accounts
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account title
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normal balance
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credit
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debit
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account classification
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financial statement
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t chart
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t ch
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account classifications account