REFLECTION
Directions: In your own words, complete the following state-
ment. Write your answer on your answer sheet
1.) In this lesson I learned about
2.) The 3 elements of the accounting equation are
and
3.)
The
4
elements
that
affects
the
Owner's
Equity
are
4.) It's important to remember that for every transaction, the account-
ing equation should always be
5.)
After
this
lesson,
I
can
now
Directions: In your own words, complete the following state-
ment. Write your answer on your answer sheet
1.) In this lesson I learned about
2.) The 3 elements of the accounting equation are
and
3.)
The
4
elements
that
affects
the
Owner's
Equity
are
4.) It's important to remember that for every transaction, the account-
ing equation should always be
5.)
After
this
lesson,
I
can
now
Add an Answer
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Answers & Comments
1.) In this lesson I learned about accounting equations
2.) The 3 elements of the accounting equation are assests, liabilities, and
equity.
3.) The 4 elements that affects the Owner's Equity are revenue, expenses, common stock, and dividends
4.) It's important to remember that for every transaction, the account ing equation should always be Assests = Liabilities + Equity
5.) After this lesson, I can now use accounting equations
sorry in advance if my answers are wrong