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3 Cards in this Set
- Front
- Back
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Order of Account cycle |
Source documents-Journal-Ledger-Trial Balance-Financial statement (P&L) |
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Extended Accounting Equation Balance sheet based on? |
Assets=Liabilities +OE+(Revenue-Expenses) or A+E=L+E-R |
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Income Statement consists of? |
Revenue-Expenses=Net Profits |
