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Unformatted text preview: Liabilities: A/P, Notes Payable, Taxes payable, salaries payable, Unearned Rent, Bonds payable, Revenue: Sales Revenue, Interest revenue, rent revenue, dues revenue, gain Expenses: Cost of Goods sold, depreciation expense, rent expense, interest expense, loss Net Assets: Total Assets - Total Liabilities = Owner Equity Revenues Occur by: Increase in assets, decrease in liabilities Expenses Occur by: Decrease in assets, increase in liabilities Permanent Accounts: Assets, Liabilities, Owner's Equity Temporary Accounts: Revenues, Expenses...
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This note was uploaded on 03/05/2012 for the course BUSI 101 taught by Professor Skender during the Spring '08 term at UNC.
- Spring '08