Question
1. Why does an increase in revenues result in an increase in the shareholders' equity? What other part of the accounting equation is likely to
1. Why does an increase in revenues result in an increase in the shareholders' equity? What other part of the accounting equation is likely to be affected?
2. Which accounts normally have a debit balance and which normally have a credit balance?
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Construction Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304131920, 978-1304131928
