Income Statement

Balance Sheet

Statement of Cash Flows

Balance Sheet Equation

Assets

Liabilities

Equity

Equity Increases

Equity Decreases

Balance Sheet must alway

Balance sheet uses a system called

Asset Accounts

Liabilities Accounts

Liabilities Accounts

Equity CR and DR

Issuing Shares for 100,000

Issuing Shares Example pic

Taking out a 4 year bank loan

4 year bank loan example