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How to analyze the effect of business transactions

Assignment Help Accounting Basics
Reference no: EM132155292

Question: In your post please discuss the following:

• The accounting equation is an expression of the relationship between the three accounting equation elements (Assets, Liabilities, and Equity). What events would result in the following: (1) total assets and total equity increases (2) total assets and total liabilities decrease (3) total assets and total liabilities increase

• Transaction analysis is the first step in the accounting process. Learning how to interpret and translate transactions is crucial. Discuss your strategy to learning how to analyze and understand the effect of business transactions.

Videos: 1. Accounting Equation - Technical Explanation (By AccountingWITT)

2. The Accounting Equation - Conceptual Analogy (By AccountingWITT)

3. Transaction Analysis - Concept (By AccountingWITT)

Reference no: EM132155292

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