Professional Documents
Culture Documents
+Cash = +Revenues
(When goods are sold for cash)
-Acc. Rec. =
+Cash
(When we collect Accounts Receivables)
-Cash =
+Inventory
(When we purchase goods for cash)
-Cash
+Notes Receivable =
Or +Investments
(When we lend money or invest money)
+Cash
-Notes Rec. =
Or Investments
(When we get back the money we invested or gave to others)
+Machine, Property =
Equipment etc
-Cash
(When we purchase large assets for Cash)
-Assets
+Cash = +/-Profit or Loss
+Accumulated Dep.