THE ACCOUNTING EQUATION

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Diana  Herrera
Mapa Mental por Diana Herrera, atualizado more than 1 year ago
Diana  Herrera
Criado por Diana Herrera quase 9 anos atrás
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THE ACCOUNTING EQUATION
  1. LUCA PACIOLI
    1. The Father of Accounting
      1. He is referred to as
        1. the first person to publish a work on the double-entry system of book-keeping
          1. he was
            1. Every transaction
              1. Has a double impac company
              2. THE DOUBLE ENTRY CONCEPT
                1. DEBIT
                  1. T account
                    1. CREDIT
            2. WRITING
              1. ASSETS
                1. LIABILITIES
                  1. =
                    1. EQUITY
                      1. +
                    2. EQUITY
                      1. LIABILITIES
                        1. ASSETS
                          1. =
                            1. EQUITY
                              1. -
                          2. ASSETS
                            1. =
                              1. LIABILITIES
                                1. -
                          3. Transaction twelve
                            1. Example
                              1. the owner
                                1. WITH DRAW CASH
                                  1. business
                                    1. Assets and equity
                                      1. affect

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