百度试题 结果1 题目What is the basic accounting equation? A. Assets = Liabilities + Equity B. Assets = Liabilities - Equity C. Assets + Equity = Liabilities D. Liabilities = Assets - E. quity 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
Question: 5. What is the accounting equation? A) Assets = Liabilities + Equity B) Assets + Liabilities = Equity C) Assets = Revenue - Expenses D) Liabilities = Assets + Equ...
But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets—financed with debt or paid for with capital. Use the accounting equation to see the difference. What is the accounting equation? Let’s take a ...
Definition:The accounting equation orbalance sheet equationforms the building blocks for the entire double entry accounting system. It shows that every asset owned by the company is equal to the claims (liabilities and equity) against the asset. The accounting equation looks like this. Asset = Lia...
You can also look at the financial accounting equation in another way. The equation is also written as one's assets are the equivalent of his or her net worth and liabilities. This means that everything that one has is either owned or is owed. It just another way of saying everything ...
What is managerial accounting? a. What are the three major sections of a balance sheet? b. What is the balance sheet equation? Describe what is meant by the term balance sheet equation. What is the accounting cycle? For a given accounting period, what is likely to represent primarily variab...
Definition of Expanded Accounting Equation 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 ...
What is the main purpose of financial accounting? What is the Importance of Accounting? What is the aim of financial accounting? What is responsibility accounting and what is its purpose? What are the functions of accounting? What is GAAP and its purpose?
The accounting equation is at the root of transaction analysis in business. When a business executes any transaction -- a sale to a customer, a purchase, a debt payment, a stock sale -- the accounting equation must remain in balance. If the equation isn't balanced, this indic...
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)...