Procedures for Revenue and Expense

Procedures for Revenue and Expense - same as their effect...

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Procedures for Revenue and Expense The purpose of earning revenues is to benefit the stockholders. The effect of debits and credits on revenue accounts is the
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Unformatted text preview: same as their effect on stockholders equity. Expenses have the opposite effect: expenses decrease stockholders equity....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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