Monthly Archives: July 2021

The increase to assets would be reflected on the balance sheet. The income statement would see an increase to revenues, ...

Jul 05, 2021 , 0

In the JoTech Ventures transaction, the Cash Account is an asset account, while John’s Capital Account is an equity account. ...

Jul 04, 2021 , 0

We’ve also included assumptions for depreciation, CapEx, interest rate, tax rate, and changes in working capital. Let’s now walk through ...

Jul 02, 2021 , 0

Note that this example has only one debit account and one credit account, which is considered a simple entry. A compound entry is ...

Jul 02, 2021 , 0