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Financial statement account identification

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P2-2 Financial statement account identification Mark each of the accounts listed in
the following table as follows:
a. In column (1), indicate in which statement-income statement (IS) or balance sheet (BS)-the account belongs.
b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), fixed asset (FA), long-term debt (LTD), revenue (R), or stockholders' equity (SE).

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P2-2 Financial statement account identification Mark each of the accounts listed in
the following table as follows:
a. In column (1), indicate in which statement?income statement (IS) or balance sheet (BS)?the account belongs.
b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), fixed asset (FA), ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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