# xercise 1-9A on page 40 Exercise 1-10A on page 40 Exercise 1-4A on page 38 Exercise 1-7A on page 39 Exercise 1-6A on page 39 Exercise 1-8A on page 39 Part 2 Question 1: What is the accounting equation? Why is this important to the practice of accounti

## xercise 1-9A on page 40 Exercise 1-10A on page 40 Exercise 1-4A on page 38 Exercise 1-7A on page 39 Exercise 1-6A on page 39 Exercise 1-8A on page 39 Part 2 Question 1: What is the accounting equation? Why is this important to the practice of accounti

- Exercise 1-9A on page 40
- Exercise 1-10A on page 40
- Exercise 1-4A on page 38
- Exercise 1-7A on page 39
- Exercise 1-6A on page 39
- Exercise 1-8A on page 39

**Part 2**

- Question 1: What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works with recording transactions within a business.
- Question 2: Is there a difference between bookkeeping and accounting? Discuss.
- Question 3: Accounting reports past performance. How can this be useful when planning future operations?

**Answers 1**

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