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Fundamentals of Financial Statements
Essay specific features
Written by:
Cole G
Date added:
February 27, 2011
Level:
University
Grade:
A
No of pages / words:
5 / 1190
Was viewed:
3794 times
Rating of current essay:
Essay content:
This means that the total of a company's assets will always equal their liabilities plus the owner's equity. Every business transaction will affect the balance sheet, but must affect both sides of the sheet equally.
Before Connie Rocha began her operation, she funded the business, purchased equipment and supplies, and rented her facility...
displayed 300 characters
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Every business transaction will affect the balance sheet, but must affect both sides of the sheet equally.
Before Connie Rocha began her operation, she funded the business, purchased equipment and supplies, and rented her facility. Her balance sheet showed an increase in cash to fund the business; with no liabilities against that money, the owner's equity increased by the same amount...
displayed 300 characters
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