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ACCT 105 Week 3 Assignment Homework .docx ACCT105 Week 3 Homework Assignment AC
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ACCT 105 Week 3 Assignment Homework .docx ACCT105 Week 3 Homework Assignment ACCT105: Accounting for Non Accounting Majors Week 3 Homework Assignment To understand the impact of accountin... g transactions in financial statements one first must ask what exactly is an accounting transaction? Along with understanding what an accounting transaction is, understanding the purpose of each financial statement is equally as important. I will explain these topics as well as the components and use of financial analysis. An accounting transaction is any transaction that has an impact on the financial statements of a business.1 Examples of accounting transactions may include but are not limited to sales in cash, sale on credit, purchase of consumable supplies, investments, borrowing of funds, and sales of assets.2 Now that we understand some examples of transactions, how would these transactions impact the financial statement? Transacti. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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