What Is The Accounting Equation?

Descrição

Help me to learn the accounting equation and what debit and credit mean.
alysonbooker_
Mapa Mental por alysonbooker_, atualizado more than 1 year ago
alysonbooker_
Criado por alysonbooker_ aproximadamente 9 anos atrás
81
0

Resumo de Recurso

What Is The Accounting Equation?
  1. Assets = Liabilities + Owners Equity and Profit
    1. What is a debit entry?
      1. Debit is an accounting entry which means it would increase an asset or decrease a liability
        1. Debit is amount owed to a supplier or company
        2. What is a credit entry?
          1. Credit is an accounting entry which means it would increase a liability or decrease an asset
            1. Credit is an amount received by a customer from a supplier if any goods have been sent back

            Semelhante

            How accounting is recorded
            rachaellouise18
            How accounting is recorded?
            riona.pike6669
            double entry bookkeeping
            mozzi.ajaib
            What Is Accounting?
            javedmiah09
            notes on accounting
            rishahassan172
            cash and credit
            Tremayne Thomas
            Zilaurs quiz
            zilaur1234
            Accounts
            camm85
            fahims quiz
            f4h1m
            my flashcards
            a.mohammedaat