Accounting Equation

Accounting Equation,Financial Accounting I,BBA first semester,BBA-BI second semester Accounting Equation: The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. Thus, the accounting equation is: Assets = Liabilities +Shareholder Equity. The balance sheet is a complex display of this equation, showing that the […]

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Worksheet

Worksheet:  An accounting worksheet is a spreadsheet used to prepare accounting information and reports. Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance, adjusting journal entries, adjusted trial balance, and financial statements. Worksheets are prepared at the end of an accounting period and usually include a list […]

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Multi- step Income Statement

Multi- step Income statement ,statement of retained earning and classified balence sheet ,Financial Accounting I  a)Prepare Multi- step Income statement ,statement of retained earning and classified balence sheet Question: S.no. Particulars Debit Credit 1 Equipment 112500   2 Acc. Depn equipmnt   22500 3 Buildings 200000   4 Acc. Depn buildings   40000 5 Land […]

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