Tracking assets and sales
Completed by Lynsie Simmonds
January 26, 2023
11 hours (approximately)
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What you will learn
Summarize the common types of assets a business may have.
Describe the importance of control over inventory.
Outline how depreciation expense is reported on an income statement.
Illustrate how transactions can be recorded in terms of the resulting change in the elements of the accounting equation.
Skills you will gain
- Category: Income Statement
- Category: Property Accounting
- Category: Accounting
- Category: Financial Statements
- Category: Depreciation
- Category: Lease Contracts
- Category: Bookkeeping
- Category: Asset Management
- Category: Inventory Accounting
- Category: Fixed Asset
- Category: Inventory Control
- Category: Balance Sheet
