Questions: What is the distinction between belongings and liabilities? What are the exceptional forms of accounting transactions? What is the cause of a balance sheet? What is the reason of an earnings assertion? What is the cause of a coins drift statement? What is the accounting equation? What is the difference between debits and credit? How do you journalize a transaction? How do you prepare a tribulation stability? How do you adjust the trial stability? How do you put together a monetary declaration?