Show:
Accounts
financial statements
for starters
100
the first sheet of paper in the accounting procces
What is the chart of accounts
100
assets=liabilities+ Owners equity
What is the basic accounting equation
200
the accounts that records all money owed to the buisness/owner
What is Accounts recievable
200
this financial statement deals mainly with capital
What is statement of owners equity
200
this signifys an increase in assets
What is a debit
300
this account includes both revenues and expenses
What is Owners Equity
300
the income statement starts with what group of accounts
What is revenues
300
this account records the owners cash
What is capital
400
cash- accounts payable=
What is capital
400
these 2 sheets are headed for month ended
What is income statement and statement of owners equity
500
the drawing account is treated like a ________
What is an expense
500
sheet headed for date of creation
What is The balance sheet