The effects of transactions on the accounting equation

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Health Medical

Description

Your team has been asked by a local community college instructor to speak to a class about health care accounting. The instructor has asked you to prepare a 4-5 slide presentation that includes the following:

  • Determine the effects of transactions on the accounting equation.

Include the following with your presentation:

  • Detailed speaker notes
  • Specific examples

Format your presentation according to APA guidelines.

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

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Explanation & Answer

Attached.

ACCOUNTING EQUATION
NAME OF STUDENT
NAME OF PROFESSOR
COURSE TITLE
DATE

ACCOUNTING EQUATION INTRODUCTION
➢ Currently, healthcare institutions are broadly applying accounting equation for all transactions made.
➢ Accounting equations helps in determining whether healthcare centers are making profits or not.
➢ Generally, an accounting equation is categorized as the base of the double-entry accounting system.
➢ Normally, accounting equation is presented in healthcare center’s balance sheet.
➢ The three key components o...

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