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i hope were leaning something interesting today in accounting
a transaction is an activity that affects the finacial condition of a business an asset us something of value that a company or some one owns.
hello class welcome! today we are going to be learning about our vocabulary
a liabity is very important because its money that someone or a company owes to a creditor. a fiscal year is a consecutive 12 month period. lets not forget about net income is revenue grater then expense. any questions?
what about net loss? isnt is just the opposite of net income?
yea the expense is greater then the revenue
i wonder if mom knows about accounting
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