Ok so I am studying acccounting and ooooooohh myyyyyy gossssssshhhhh this is detailed and complicated. I had to take a break at the topic of how financial statements are related because the terms depreciation, captiallization, fixed assets, income statemnts, cash flow statements and how expensing items affects all of the above was making me feel like I was about to lose my mind!!
*breathe*
I'm just realy trying to figure this all out LOL. Understand, get the terms right and hopefully know what I am talking about when it comes to accounts recievables, payables and where they all factor in on income statements, cash flow statements and balance sheets!!
Next is the part 1 quiz in the book! Then onwards and forwards to debits and credits!!!
*sigh*
Wish me luck!
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