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Including revenues, expenses, and dividends

Including revenues, expenses, and dividends: Accounting Foundations: Bookkeeping
Including revenues, expenses, and dividends: Accounting Foundations: Bookkeeping

How do revenues and expenses fit into the accounting equation? Revenues minus expenses equals net income, and net income is a significant source of change in owner's equity from one accounting period to the next. So revenues and expenses, then, may be thought of as temporary subdivisions of owner's equity.

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Skill Level Beginner
1h 39m
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Skills covered in this course
Business Accounting Business Skills Marketing Finance

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