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finance and accounting, Study notes of Financial Accounting

Ahmadabad UniversityFinancial Accounting

finance and accounting document

Typology: Study notes

2020/2021

Uploaded on 01/11/2023

goldstar22
goldstar22 🇮🇳

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Formulas
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https://acct2301.com/resources/formulas?chapters=

Formulas

https://acct2301.com/resources/formulas?chapters= Formulas Assets = Liabilities + Shareholder’s Equity Contributed Capital + Retained Earnings Shereholder's Equity Beginning RE + Net Income - Dividends Ending RE Revenues — Expenses: Net Income Operating Cash Flows > Investing Cash Flows > Financing Cash Flows Net Increase (Decrease) in Cash > Beg Balance Cash Ending Cash Balance Depreciable Base = Cost - Salvage Value Straight Line Depreciation Expense = Depreciable Base / Useful Life Assets ~ Accumulated Depreciation Book Value