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Chapter 1 Cash and Cash Equivalents - Compress

This chapter introduces accounting and the basic accounting equation. [1] It explains that accounting provides financial information to help make informed decisions. [2] The basic accounting equation shows that assets are equal to liabilities plus owner's equity, and this equation must balance at all times. [3] Accounting helps measure performance and financial position.

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55 views4 pages

Chapter 1 Cash and Cash Equivalents - Compress

This chapter introduces accounting and the basic accounting equation. [1] It explains that accounting provides financial information to help make informed decisions. [2] The basic accounting equation shows that assets are equal to liabilities plus owner's equity, and this equation must balance at all times. [3] Accounting helps measure performance and financial position.

Uploaded by

fabyunaaa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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