{"id":69,"date":"2024-09-06T16:46:08","date_gmt":"2024-09-06T16:46:08","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/introduction-to-accounting-in-business\/"},"modified":"2024-09-06T16:46:08","modified_gmt":"2024-09-06T16:46:08","slug":"introduction-to-accounting-in-business","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/introduction-to-accounting-in-business\/","title":{"raw":"Introduction to Accounting in Business","rendered":"Introduction to Accounting in Business"},"content":{"raw":"\n<h2>What you'll learn to do: explain the effect of transactions on the accounting equation<\/h2>\nIn this section, you\u2019ll explore the accounting equation in more detail by applying it to common business transactions. In addition, you\u2019ll learn a bit about different kinds of business operations, and you\u2019ll learn to identify the basic financial statements.\n\n<img class=\"aligncenter size-large wp-image-2818\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/08\/10201133\/tie-690084-1024x368.jpg\" alt=\"A black man straightening his tie\" width=\"1024\" height=\"368\">\n","rendered":"<h2>What you&#8217;ll learn to do: explain the effect of transactions on the accounting equation<\/h2>\n<p>In this section, you\u2019ll explore the accounting equation in more detail by applying it to common business transactions. In addition, you\u2019ll learn a bit about different kinds of business operations, and you\u2019ll learn to identify the basic financial statements.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2818\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/08\/10201133\/tie-690084-1024x368.jpg\" alt=\"A black man straightening his tie\" width=\"1024\" height=\"368\" \/><\/p>\n","protected":false},"author":6,"menu_order":14,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Accounting in Business\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"\",\"author\":\"Free-Photos\",\"organization\":\"\",\"url\":\"https:\/\/pixabay.com\/photos\/tie-necktie-adjust-adjusting-man-690084\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"https:\/\/pixabay.com\/service\/terms\/#license\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":55,"module-header":"","content_attributions":[{"type":"original","description":"Introduction to Accounting in Business","author":"Joseph Cooke","organization":"Lumen Learning","url":"","project":"","license":"cc-by","license_terms":""},{"type":"cc","description":"","author":"Free-Photos","organization":"","url":"https:\/\/pixabay.com\/photos\/tie-necktie-adjust-adjusting-man-690084\/","project":"","license":"cc0","license_terms":"https:\/\/pixabay.com\/service\/terms\/#license"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/69"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":0,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/69\/revisions"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/parts\/55"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/69\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/media?parent=69"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=69"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/contributor?post=69"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/license?post=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}