Question: 5. What is the accounting equation? A) Assets = Liabilities + Equity B) Assets + Liabilities = Equity C) Assets = Revenue - Expenses D) Liabilities = Assets + Equ...
What is the accounting equation? Let’s take a look. What is the accounting equation? Double-entry accounting uses the accounting equation to show the relationship between assets, liabilities, and equity. When you use the accounting equation, you can see if you use business funds for your ...
What Does Accounting Equation Mean? Contents[show] Theaccounting equationis more than just a formula; it is the cornerstone of the double-entry accounting system and financial reporting. By maintaining the balance between assets, liabilities, and equity, the equation ensures the accuracy and integrity...
Accounting:Accounting is a professional system for organizing the operations of a business into accounts and categories. Accounting uses a double-entry system that keeps the accounting equation in balance.Answer and Explanation: The accounting equation shows total assets (a firm's valuable resources) ...
Another accounting equation is the demographic accounting equation. This is the basic equation in the field of demography. Sociologists use the equation to determine the change in population from one year to the next. The equation is Population(t+1)= Population(t)+net migration(t)+Natural increa...
结果1 题目What is the basic accounting equation? A. Assets = Liabilities + Equity B. Revenue – Expenses = Net Income C. Assets = Liabilities – Equity D. Liabilities = Assets – E. quity 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
What is the accounting equation for a proprietary fund? Proprietary funds: The funds that are established to report for the government that has going concern business-type activities that deal with giving benefits to others by charging the user of the utility service. The proprietary funds include...
The expanded accounting equation provides more details for theowner’s equityamount shown in the basicaccounting equation.The expanded accounting equation for a sole proprietorship is: Assets = Liabilities + Owner’s Capital + Revenues – Expenses – Owner’s Draws. ...
This system ensures that the accounting equation (assets = liabilities + equity) is always in balance. 5. What is the difference between assets and liabilities?(资产和负债的区别是什么?) Assets are resources owned by a company that have economic value and can be used to generate future ...
This straightforward relationship between assets, liabilities, and equity is considered to be the foundation of thedouble-entryaccounting system. The accounting equation ensures that the balance sheet remains balanced. That is, each entry made on the debit side has a corresponding entry (or coverage)...