the accounting equation, accounting homework help

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Business Finance

Description

  • In your own words, explain the recording process and the accounting equation to someone who has no accounting experience.
  • Then, give your opinion on the elements or areas that might cause the most confusion or be the most difficult to grasp.
  • Provide support for your conclusion.
  • User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

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    The recording process and the accounting equation

    The recording process is a three step procedure that can be used in tracking of transactions and
    data more easily to record activity in the accounting records. It basically used for matching
    revenues with expenses. In most of the cases, when you use a credit card, even though you have
    not paid out cash yet you still received value as well as owe money. In this...


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