Accounting Relationships

1. Accounting- I only have one accountant.

2. Assets- I have two sets of sheets.
3. Liabilities- I owe three people money.
4. Owners Equity- The investors pay their cash up front.
5. Accounting Equation- My cousin was a fifth year accounting major.
6. Transactions- I make transactions the right way.
7. Depreciation- my car is seven years old.
8. Income Statement- When my friends and i played with water balloons they yelled "Incoming"! They always hit me from behind.
9. Balance Sheet- It is not to difficult to stay grounded while writing a balance sheet.
10. Cash vs Accrual- The cash i will have to pay for college will stack up to the ceiling.