https://padlet.com/19zbramall/mpd9ntkkgmfq en-us 2018-09-25 19:15:53 UTC 2026-01-31 15:25:12 UTC hello@padlet.com 19zbramall https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751283 chart of transactions for accounts]]> 2018-09-25 19:21:21 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751283 20ahorner https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751308 Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began. ]]> 2018-09-25 19:21:24 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751308 21tbreinholt https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751591 Accountants use the double entry accounting system to analyze and record a transaction. Double-entry accounting records the different sides of business transactions as debits and credits.]]> 2018-09-25 19:22:00 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751591 20ahorner https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751713  A liability is an obligation and it is reported on a company's balance sheet. A common example of a liability is accounts payable. ]]> 2018-09-25 19:22:13 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285751713 19zbramall https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285753681 record of the transactions]]> 2018-09-25 19:25:49 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285753681 21tbreinholt https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285754403 An efficient tool for analyzing double entry accounting transactions is a T account. The T account, so called because of its T shape shows the dollar increase or decrease in an account that is caused by a transaction. T accounts help the accountant analyze the parts of a business transaction.]]> 2018-09-25 19:27:14 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285754403 dylasaurus73 https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285754838   useful or valuable thing, person, or quality ]]> 2018-09-25 19:28:13 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285754838 21tbreinholt https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285755835 Revenue is income from the sale of goods and services.]]> 2018-09-25 19:30:35 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285755835 21tbreinholt https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285756922 An account's normal balance is always on the side used to record increases to the account. The word normal used here means usual.]]> 2018-09-25 19:33:25 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285756922 19zbramall https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285756995 the cost of materials needed for the company ]]> 2018-09-25 19:33:38 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285756995 19zbramall https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285762256 Charts of accounts and ledger (Zack)
Asset (Dylan)
liability, owners Eq (Alexia)
Normal balance, revenue (Jose)
T accounts, Double balance (Teonna) ]]> 2018-09-25 19:46:15 UTC https://padlet.com/19zbramall/mpd9ntkkgmfq/wish/285762256