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Discuss in your own words the following topics: The four financial statements to include the time frame they are each for, how they are connected

Discuss in your own words the following topics:

The four financial statements to include the time frame they are each for, how they are connected to each other and the preferred order of preparation.

The accounting equation, broken down to its finest accounts and its importance.

What are debits and credits and what are the normal balance of each of the major accounts (eg assets)

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