Accounting Comic Strip

Accounting Comic Strip

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  • How's your new company going? I heard your owner's equity report is out.
  • Well, the income statement just came back and...
  • we have a net loss of $2,000.00
  • What are your total amount of liabilities?
  • Let me check the balance sheet.
  • That's great! But whose income statement were you looking at?
  • Wait a second we have a net income! I must have saw another income statement for someone else's company
  • It must be because of all the transactions I made.
  • Oh... it's your company.
  • I know maybe I'm gonna take your advice and save money for my company.
  • You should have not withdrawn that much from your company.
  • Lexi Weaver
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