Accounting Fundamentals
by FlashQuest
The grammar of business finance: the accounting equation, debits and credits, and the three financial statements.
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♥ What’s inside
- What is the fundamental accounting equation?
- Assets = Liabilities + Equity
- Which financial statement reports revenues and expenses for an accounting period?
- Income statement
- Which financial statement shows assets, liabilities, and equity at a single point in time?
- Balance sheet
16 cards in the full deck, free in the app with spaced repetition doing the scheduling.
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