mba

[Book Extracts] The Wall Street MBA – Reuben Advani

Chapter 1: Accounting Basics Double entry accounting When a transaction occurs on one side of the financial statements, one or more accompanying transactions occur elsewhere in the financial statements.Here are a few examples:➤ Example 1. A company purchases a product for later sale to its customers:Result: The balance sheet will reflect a decrease in cashContinue reading “[Book Extracts] The Wall Street MBA – Reuben Advani”