Takes us through details in the accounting process

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Question

Chapters 2 and 3 discusses the basic accounting equation assets = liabilities + owner's equity. Using the equation as a foundation, the text takes us through details in the accounting process beginning with the actual business events then proceeding all the way to creating the financial statements. Below are 5 brief videos that address the transaction analysis process including a basic example, the recording process, and the overall concept of the accounting cycle. Your assignment is to watch all the videos and describe in your own words your interpretation of them.

Reference no: EM133674895

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