About po ito sa accounting, halata naman sa title eh.
Para sa mga tulad kong ABM students, na gusto mag advance study o naghahanap ng assignment.
The content here ay lahat FACT. Kung ayaw maniwala, free naman po kayong magsearch sa iba eh.. Yun lang.
The statement of financial position presents the assets, liabilities and owner's equity of the business while the income statement presents its revenues and expenses. Because of this assets, liabilities and owner's equity are called statement of financial position accounts (or real accounts) and revenues & expenses are called income statement accounts (or nominal accounts).
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