What are the different types of financial transactions and its effects to the assets, liabilities, and owners equity?
Types of Financial Transactions There are various types of financial transactions that can impact a company’s assets, liabilities, and owner’s equity. Here are some examples: 1.Inventory purchase: This transaction increases the company’s assets (inventory) and its liabilities (accounts payable). To visit- https://www.mca.gov.in/ 2.Selling goods on credit: This transaction increases the company’s assets (accounts receivable) and… Read More »
