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acc205 ashford university week 1




Question;ACC205: Principles of Accounting;Week 1;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;Accounting Equation;As you have learned in this;week?s readings the Accounting Equation is Assets = Liabilities + Owners?;Equity. Is the accounting equation true in all instances?;Provide sample transactions from your own experiences to demonstrate the;validity of the Accounting Equation.;Guided Response;Review several of your peers? posts and identify some core components that;you feel should be included in every transaction. Respond to at;least two of your peers and provide recommendations to extend their;thinking. Challenge your peers by asking a question that may cause;them to reevaluate or add components to their transactions.Accounts;What does the term;account mean? What are the;different classifications of accounts? How do the rules for debits;and credits impact accounts? Please provide an example of how debits;and credits impact accounts.;Guided Response;Analyze several of your peers? posts. Let at least two of your peers;know if this knowledge could be used in their everyday lives. Is so;how? If not, why not?;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Basic;Accounting Equations;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using theAssignment Submission button.


Paper#45450 | Written in 18-Jul-2015

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