Difference between revisions of "Asset claims"
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 19:29, 4 January 2019
Asset claims (alternatively known as equities; hereinafter, the Claims) The rights of financial claims of creditors (which are liabilities) and owners (which is owner's equity) who supply the assets to an organization. The Claims (equities) = liabilities (debtors' equity) + owner's equity. The monetary amount of the Claims are always equal to that amount of assets; assets = the Claims.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Equities. The rights of financial claims of creditors (liabilities) and owners (owner's equity) who supply the assets to an organization.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
