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Essay

Financial Analysis

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Jennifer T

 

Date added:

July 31, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1446

 

Was viewed:

1204 times

 

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Essay content:

An increase in a liability 3. An increase in shareholders' equity item ** HINT** - Identify two components of each transaction: 1.) what did you get; 2.) where did it come from. The debit is what you got, and the credit is the source of the item you received. For instance, let's imagine that you purchase a computer with your credit card...
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Since the computer is what you received it's going to result in a debit to the asset account for your computer. The credit will be applied to the credit card liability account for the same amount. II. What accounts Increase/Decrease with debits and credits Account Type Debit Credit Balance Sheet Assets Increase Decrease Balance Sheet Liabilities Decrease Increase Balance Sheet Owner's Equity Decrease Increase Income Statement Revenue Decrease Increase Income Statement Cost of goods sold Increase Decrease Income Statement Expenses Increase Decrease III...
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