Bookkeeping

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Content What are the Rules for Using T Accounts? Using Accounts Payable T-Accounts for Spend Accountability Posting of Journal Entries to T-accounts A Small Business Guide to T-Accounts 5 T-accounts, debits and credits Accounts payable is a liability account, keeping track of bills I still have to pay in future. As you can see, my

Contents: What is a Purchases Journal? Accounting for a Purchases Journal Volume 4 Purchase College Journal of Ecology Resources created by teachers for teachers This may be daily, weekly, or monthly, depending on the type of business you run and the products and services you offer. The balance in this list is compared with the

Content Accounting Equation: Assets = Liabilities + Equity Accounting formulas for businesses Accounting Equation Outline Balance Sheet 7: The Accounting Equation Retained earnings equation The Basic Accounting Equation This transaction affects only the assets of the equation; therefore there is no corresponding effect in liabilities or shareholder’s equity on the right side of the equation.