exercises financial accounting

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What is the practice of financial accounting?
The branch of accounting concerned with classifying, measuring, and recording the transactions of a business.
At the end of a period, usually a year but sometimes less, a profit and loss account and a balance sheet are prepared to show the performance and position of the business.
What are the 4 types of financial accounting?
For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.
The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement.
These three statements together show the assets and liabilities of a business, its revenues, and costs, as well as its cash flows from operating, investing, and financing activities.

What are the activities of financial accounting?

The steps in the accounting cycle are identifying transactions, recording transactions in a journal, posting the transactions, preparing the unadjusted trial balance, analyzing the worksheet, adjusting journal entry discrepancies, preparing a financial statement, and closing the books.

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PDF	9781486021079 financial accounting 1 juill. 2015 Excel exercise 1.1. 24. Summary problem 1.1. 25. DEMO DOC: TRANSACTION ANALYSIS USING. ACCOUNTING EQUATION/FINANCIAL. STATEMENT PREPARATION.

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