9. Plant- Plant is similar to premises. It's a general word that means the land, buildings, equipment and machinery of a factory or business. Just like premises, it is classified as anon-current asset. Hope this basic accounting quiz helped you practice your classification of assets ...
Equity (the difference between assets and liabilities or what it owes to the owners)These are the building blocks of the basic accounting equation. The accounting equation is:ASSETS = LIABILITIES + EQUITYFor Example:A sole proprietorship business owes $12,000 and you, the owner personally invest...
32. Capital + Liabilities = ? Revenue Assets Unearned Income Voucher Answer:B) Assets Explanation: This is the fundamental accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a person or business. ...
the balance sheet reflects the basic accounting equation and the mean of financing the organization,s assets:assets=liabilities + owners,Equity5个回答 资产负债表反映的基本的会计等式:资产=负债+所有者权益融资机构,资产平均2013-05-23 12:21:38 回答:匿名 资产负债表的反映了基本的会计方程式和意味着的本...
It is a continual circle of a relationship. Assets, liabilities, and credit all affect and change each other. As you can see, liabilities are like assets in that they are not simple, cut and dried objects. The only variant from a comparison of assets and liabilities is in the intangible ...
读书笔记 - 世界上最简单的会计书 the accounting game - basic Accounting fresh (Lawrence Durrell) 1. 资产负债表 (balance sheet) (资产:asset; 负债及所有者权益:liabilities and owners' equity); 2. 利润表(income statement) 3. 现金流量表 (cash flow statement)...
See the chapter on double-entry accounting for a deeper look at each of these transactions (including the debit and credit entry for each one).1. The Owner Investing CapitalCapital is the investment of assets by an owner into a business. ...
1, accounting principles, both the accounting balance formula, assets = Liabilities + owner's equity. The formula, in any case, reflects a quantitative balance between the total assets of the bank and the liabilities and the total interest of the owner. 2, "borrow" and "credit" as ...
题目What is the basic accounting equation? A. Assets = Liabilities + Owner's Equity B. Revenue = Expenses + Owner's Equity C. Assets = Expenses + Liabilities D. Revenue = Assets - Liabilities 相关知识点: 试题来源: 解析 A null
5.5 BASIS OF ACCOUNTING SYSTEM Cash or receipt basis is the method of recording transactions under which revenues and costs and assets and liabilities are reflected in accounts in the period in which actual receipts or actual payments are made. “Receipts and payments account” in case of clubs,...