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QUESTION
counting equation How the accounting equation keeps everything in balance What economic events enter the accounting system What accounts are affected?...
The accounting equation How the accounting equation keeps everything in balance What economic events enter the accounting system What accounts are affected? Assets, Liabilities, Owner"s Equity, Revenues, Expenses? What direction is the impact? Increase? Or Decrease? What"s the amount? Receipt of Cash x Payment of Cash x Expectation of Receipt of Cash x Expectation of Payment of Cash x What"s not recorded?
