ACC 300 Week 1 Discussion 1 and Discussion 2 | Phoenix University

ACC 300 Week 1 Discussion 1 and Discussion 2 | Phoenix University 

Discussion 1
 
What are the elements of the accounting environment? How do these elements affect financial statements? Why are these important? How do these elements affect comparability between companies? Provide examples.
 
 
Discussion 2
 
What are the debits and credits? How do these affect the accounting equation? Are debits always increases? Are credits always decreases? Explain your answers.   

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