Zusammenfassung der Ressource
The Accounting Equation
- Assets
- Examples
- Debtor
- owes the business money
- accounts receivable
- Cash
- Land
- Equipment
- Definition
- Own and Control
- Measurable Value
- Future Benefits
- Liabilities
- Debt
- Examples
- Creditor
- someone the business owes
- accounts payable
- Loan
- Owner's Equity
- The owner's share of the assets
- Corporation = Shareholder's Equity
- Equity = Assets - Liabilities
- Increases with capital
investments