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Title: Fundamentals of Financial Statements

Essay Details

Subject: Business
Author: Debbie C
Date: August 19, 2011
Level:
Grade: A
Length: 4 / 1190
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

This means that the total of a company's assets will always equal their liabilities plus the owner's equity. Every business transaction will affect the balance sheet, but must affect both sides of the sheet equally. Before Connie Rocha began her operation, she funded the business, purchased equipment and supplies, and rented her facility...

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Every business transaction will affect the balance sheet, but must affect both sides of the sheet equally. Before Connie Rocha began her operation, she funded the business, purchased equipment and supplies, and rented her facility. Her balance sheet showed an increase in cash to fund the business; with no liabilities against that money, the owner's equity increased by the same amount...

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