Financial accounting week 4

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Financial accounting week 4
23. How do you increase all other Owner’s/Stockholder’s Equity Account, other than expense and owner withdrawal amounts ? 12. Fill in the blank for the following statement. Under Cash Base Accounting, you record the transactions as _ flows in and out of business. 13. Fill in the blank for the following statement. Accrual Base Accounting is when the Accountant records the transactions are the services and expenses are _ 15. Which accounting method ( Cash vs. Accrual Base) gives a more accurate picture of the financial health of a company?

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