Please be sure that you provide this transaction in general


In accounting its important to understand that there may be events that occur that are not business transactions. Please give us an example of a business transaction that affects the accounting equation. Remember that the expanded accounting equation is: Assets = Liabilities +Owner's Equity + Revenue -Expenses. Please be sure that you provide this transaction in General Journal format. Additionally give us an example of an event that is not an accounting transaction.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Please be sure that you provide this transaction in general
Reference No:- TGS02635901

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)