accounted accounting equation accounts payable 
SMBAccountant
JUNE 21, 2023
Gains and Losses: This category accounts for non-operational activities, such as gains or losses from the sale of assets, investments, or foreign exchange. The balance sheet follows the fundamental accounting equation: Assets = Liabilities + Shareholders' Equity.
xendoo
AUGUST 22, 2022
Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. What Are Debits and Credits?
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