Equity accounts used by the firm will vary depending

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Equity accounts:used by the firm will vary depending on the form of businessorganization.Capital:the account title usually used for sole proprietorships and partnershipsStockholders’ equityis the account title used for corporations.Statement of changes in equityis arrived at by adding thebeginning capital, anyadditional investmentsmade during the period,net income, and deducting anywithdrawalsmade by the owner.
Fundamentals of Accountancy, Business, and Management 2Statement of Changes in EquityReferences and Supplementary MaterialsBooks and JournalsJimenez, C.E., Palo, R.R, &Ocampo, L.B. (2017).Fundamentals of Accounting 2: Theory andPractice. Manila: JMS Publishing HouseJimenez, C.E., &Ocampo, L.B. (2015).Fundamentals of Accounting, Quicknotes andExercises. Manila: JMS Publishing HouseOnline Supplementary Reading MaterialsHow to prepare a statement of owner’sequity;-statement-of-owners-equity.html; 10 April 2017Preparation of SCI :-prepare-a-statement-of-owners-equity.htmlOnline Instructional VideosStatement of Owner’s Equity;; 23March 2017Course Module7
Fundamentals of Accountancy, Business, and Management 2Cash Flow StatementModule 007 Cash Flow StatementCash is a common account title in the financial statements. You maycommonly hear “Cash is King” as an common adage in business. This is sosince cash is the most used asset in business. It is therefore necessary for anybusiness-minded individual to understand how cash affects, move, andreconcile in their business financials. At the end of this module, you will beable to:1.Enumerate the different types of cash flow transactions.2.Identify which different types of accounting transactions shall fall on eachtype of cash flow category.3.Differentiate accrual basis from cash basis accounting.

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Term
Spring
Professor
NoProfessor
Tags
Balance Sheet, Income Statement, Generally Accepted Accounting Principles

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