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Accounting work sheet:
An accounting worksheet is an statement used to help book keeper to complete accounting cycle and preparation of year end reports.
Preparation of necessary work sheetstarting with the unadjusted
Journal Entries:
A
Accounting rules for journal entries:
- To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.
- To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.
The necessary
Income Statement:
An income statement is one of the financial statement of the company which shows the company's
Statement of Owner'sEquity:
A statement of owner's equity reflects changes in capital balance of a business over a reporting period.
Balance Sheet:
The financial statement in which the worth of assets, liabilities and equity of a company or an entity is shown in a classified form is a balance sheet.
Theincome statement, statement of owner's equity and the balance sheet for Company PD as on year ended April, 30.
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Chapter 4 Solutions
FUND.ACCT.PRIN.(LOOSELEAF)
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
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