Fundamentals of Accounting for Accountants and Non-Accountants Part3

In this part, we will explain the basic and expanded accounting equations. We will also help you to understand and analyze business transactions and identify the effects of every transaction in the different elements or accounts of the financial statements

1. Fundamentals of Accounting By: Ms. Gladys Marie C. Maghari, CPA, MBA

2. The Accounting Equation 3 Gladz

3. The Account Normal Balances 4 Gladz

4. 5 Illustration: Gladz = 50,000

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9. 10 T- Account - Is a tool used to summarize all the movements that occurred on a certain element Gladz

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16. Love from Ms. Gladz Thank You BOFFIN Launch Launch FUNKY TUNES