Accounting Equation
Revision as of 13:45, 12 July 2020 by QiratH (talk | contribs) (Created page with "Accounting Equation is the double entry method of bookkeeping is based on the accounting equation, which is Owner's equity = Assets less Liabilities....")
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 reports that are required by laws.
