TRANSACTION AFFECTS

Transaction Affects on Company's Accounting Equation



Transaction Affects on Company's Accounting Equation

Introduction

A standard set of financial statements includes the balance sheet, income statement, statement of cash flows, and associated footnotes. These transaction statements can be issued on a daily, monthly, quarterly, or annual basis. Additional statements may include, for example, the analysis of stockholders equity section. If accounting is the basic language of business, then financial statements are the fundamental scorecards that report organizational performance. Every paradigm has its own particular language and set of rules, especially the medical field, and to play in this arena health care professionals ...