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How would an accountant record an increase in cash?

How would an accountant record an increase in sales?

Any amounts owed by a business and reported on the balance sheet are referred to as ________________.

The basic accounting equation is Assets=Liabilities + _______________________.

An increase in owner's equity resulting from the operation of a business

________________ is prepared at the end of the accounting period to show the financial position of business

Accounting is referred to as the "language of ___________________."

______________________ is the transfer of journalized transactions to their accounts.

Planning, recording, analyzing, and interpreting financial information

A decrease in owner's equity resulting from the operation of a business

Financial reports that summarize the financial condition and operations of a business

Revenues minus expenses equals _____________________. (Revenues-Expenses = _______________)

The _____________________________ is one of the main financial statement and reports the assets, liabilities, and owner's equity at a specific point in time.

Accounting entries involve a minimum of how many accounts?

When a company buys supplies on account, the cash account does what?