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Understanding the Difference between Income Statement and Balance Sheet

SMBAccountant

Gains and Losses: This category accounts for non-operational activities, such as gains or losses from the sale of assets, investments, or foreign exchange. The balance sheet follows the fundamental accounting equation: Assets = Liabilities + Shareholders' Equity.

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What Accounts Are Debit and Credit?

xendoo

Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. What Are Debits and Credits?

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What information can be calculated from Krispy Kreme’s trial balance?

Wendy Tietz

Krispy Kreme, Inc. NASDAQ:DNUT) is a multinational doughnut company and coffeehouse chain headquartered in Winston-Salem, North Carolina, United States. It is a publicly held corporation. Krispy Kreme operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the Sunday closest to December 31.

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What information can be calculated from Wendy’s 2021 trial balance?

Wendy Tietz

The Wendy’s Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. To follow is a condensed […].