What Are Assets?
Accounting as a whole is based on a single equation:
The word equation comes from the word equal.
For any equation, one side always equals another. Also, equations can be made out of anything.
For example:1 Orange = $0,50House = Walls + Doors + Windows + Roof1 week = 7 days
So what does the accounting equation mean? Well, in order to answer that question we need to look at what each of the terms in the equation mean...1.
Click below to see questions and solutions on this same topic from other visitors to this page...
Journal Entry - Capital Investment What is the journal entry for the following:
Business started with capital rs (Rupees = Indian currency) 25000
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What is an Outstanding Salary? What is the definition of outstanding salary??
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MAIN PURPOSE OFACCOUNTING EQUATION Q: WHAT IS THE MAIN PURPOSE OF THIS ACCOUNTING EQUATION?
Internal Balance Sheet andAccounts Receivable Can anyone please provide examples of the internal balance sheet and income statement interactions relating to accounts receivable?
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