"Everything eventually ends up on the Balance Sheet." Do you agree? Why or why not? If this is true, how is this accomplished through the accounting process?

This class has two distinct components in that you are leaning the "process" of accounting and the "results" of business transactions at the same time (which is why you might be overwhelmed).

To me the process component is the documentation of the transactions (journals, T Accounts, TB) and the results component are the Financial Statements.

Which do you enjoy more and why? Or which causes your more frustration and why?