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What is the accounting equation

Assignment Help Accounting Basics
Reference no: EM132217485

Question: Required Book: Edmonds, T. P., Edmonds, C., McNair,F. M., & Olds, P. R. Fundamental Financial Accounting Concepts (9th edition). New York, NY: Mcgraw Hill Higher Education.
ISBN: 9781259296802

Part 1: 1. Exercise 1-9A on page 40

2. Exercise 1-10A on page 40

3. Exercise 1-4A on page 38

4. Exercise 1-7A on page 39

5. Exercise 1-6A on page 39

6. Exercise 1-8A on page 39

Part 2: 1. What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works with recording transactions within a business.

2. Is there a difference between bookkeeping and accounting? Discuss.

3. Accounting reports past performance. How can this be useful when planning future operations?

Reference no: EM132217485

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