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1000 account #’s Assets 2000 account #’s Liabilities 3000 account #’s Equity 4000 account #’s Income 5000 account #’s Expense J& B Things you Own Cash,

Published byDouglas Dustin Riley Modified over 8 years ago

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Presentation on theme: "1000 account #’s Assets 2000 account #’s Liabilities 3000 account #’s Equity 4000 account #’s Income 5000 account #’s Expense J& B Things you Own Cash,"— Presentation transcript:

1 1000 account #’s Assets 2000 account #’s Liabilities 3000 account #’s Equity 4000 account #’s Income 5000 account #’s Expense J& B Things you Own Cash, Inventory Building, property Things you Owe Mortgage, bills, dues/fees to MI, Sales Tax, Payroll tax Net Value of Unit What’s left after paying bills Money you collect that belongs to you Sales, Dues, donations to the unit Money you spend to operate your unit COGS, utilities, supplies, postage, printing

2 Things you Own Things you Owe Net Value

3 Money You Collect Money You Spend

4 Things you Own Things you Owe Net Value

5 Money You Collect Money You Spend

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