Question: Chapter 5 - Team Discussion v Available until Sunday, October 4, 2020 11:59 PM EDT gi Group/section restrictions. Must post first. This chapter is all


Chapter 5 - Team Discussion v Available until Sunday, October 4, 2020 11:59 PM EDT gi Group/section restrictions. Must post first. This chapter is all about the various categories of accounts and remembering which accounts are in those different categories. Each team member will pick one category of accounts and offer an easy way to remember which accounts go into that category. After you post your individual "hints", discuss the following questions: How are revenues & expenses different from gains & losses. How are they similar? If the accounting equation represents the balance sheet, why are the income statement categories used in the expanded accounting equation? You must start a thread before you can read and reply to other threads
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