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Recording business transactions - Coggle Diagram
Recording business transactions
accounting cycle
recocknize business transaction
Analyze impact of transaction on accounting
analyze impact of transaction on accounts
journalize and post to ledger
construct a trial balance
debit or credit
Account
Liability + Equity= Assets
represents changes in all of the three
Assets
Cash
inventory
prepaid expenses
Accounts receivable
myyntisaamiset
notes receivable
Liabilities
Accounts payable
ostovelat
notes payable
maksettavat velkakirjat
accrued liabilities
Equity
Share capital
retained earnings
dividends
income
expenses