Difference between revisions of "Accounting Equation"

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[[Accounting Equation]] is the double entry method of bookkeeping is based on the accounting equation, which is [[Owner's equity]] = [[Assets]] less [[Liabilities]].                                   
 
  
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Accounting Equation]]. The double entry method of bookkeeping is based on the accounting equation, which is [[Owner's equity]] = [[Assets]] less [[Liabilities]].                                   
 
 
==Related concepts==
 
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
 
 
==Related lectures==
 
*[[Bookkeeping Quarter]].
 
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 

Revision as of 14:43, 12 July 2020