Copy and Edit

The Accounting Equation

Description

Created by Jenny Hubbard
oafinance
Mind Map by oafinance, updated more than 1 year ago
oafinance
Created by oafinance about 11 years ago
63
0
0

Resource summary

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

                            Want to create your own Mind Maps for free with GoConqr? Learn more.

                            Similar

                            The accounting equation
                            Bradley Reyes
                            The accounting cycle_1
                            Bradley Reyes
                            The Accounting Equation Mind Map
                            Tshepo Moholi
                            The Accounting Equation Mind Map
                            oafinance
                            Hitler's rise to Chancellorship Jan '33
                            Simon Hinds
                            GCSE French Edexcel High Frequency Verbs: First Set
                            alecmorley2013
                            GCSE Chemistry C1.1 - Fundamental Ideas in Chemistry
                            chancice.branscombe
                            Business Studies Unit 1
                            emily.mckechnie
                            Algebra - Expansion of Brackets
                            jerick_hartono
                            a christmas carol
                            maha.als10
                            DEV I Part II
                            d owen
                            Browse Library