'Maria sanchez' presentation slideshows

Business Transactions and the Accounting Equation

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Chapter 10

Chapter 10. Completing the Accounting Cycle for a Sole Propiertorship. Chapter 10 Objectives. Explain why it is necessary to update accounts through closing entries Explain the purpose of the Income Summary account Explain the relationship between the IS account and the capital account

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Section 3 Transactions That Affect Revenue, Expense, and Withdrawals by the Owner

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