Give at least one example of each of the six different types of accounts
Give at least one example of each of the six different types of accounts. For example, Cash is an asset. Please use another example in your prompt.
What is the difference between an asset and an expense?
What is the difference between accounts payable and accounts receivable?
Think of a business transaction, such as buying a pair of jeans whether online or at a \”brick and mortar\” store. Explain how the transaction would affect the accounting equation.
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