Transaction%20Analysis%20handout - H F-XC A N GE H F-XC A N...

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The Accounting Equation must always balance Assets = Liabilities + Owner's Equity A transaction that increases total assets must also increase total liabilities or owner's equity. + A transaction that decreases total assets must also decrease total liabilities or owner's equity. - Some transactions may increase one account and decrease another on the same side of the equation i.e. one asset increases and another decreases. and Click to buy NOW! P D F - X C H A N G E w w w . d o c u - t r a c k . c o m Click to buy NOW! P D F - X C H A N G E w w w . d o c u - t r a c k . c o m
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