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aof.sorular.net Accountıng I ACCOUNTING I Dersi Completing the Accounting Cycle soru cevapları

ACCOUNTING I Dersi Completing the Accounting Cycle soru detayı:

PAYLAŞ:

SORU:

What is the difference between the income statement and the balance sheet in terms of reporting?


CEVAP:

Revenues and expenses are reported in the income statement; assets, liabilities and owner’s equity are reported in the balance sheet.