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Bookkeeping

Beginners’ Guide to Financial Statement

Content Test your understanding What Is a Liability in the Accounting Equation? What is the Accounting Equation? Accounting Equation Operating margin is usually expressed as a percentage. It shows, for each dollar of sales, what percentage was profit. In transaction five $1240 that came from customers. The debits and credits occur in a complementary way in the balance sheets. We are going to...

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