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What does the Accounting Equation in accounting?
The Accounting Equation is Assets=Liabilities + Owner's Equity?
What is the relationship between accounting and economics?
Relation between Accounting and Economics. Accounting and economics relates to each other in the way that both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth. However, Accounting is the activity which provide information to the owner of the business firm, effective and efficient use of resources and maximization of the wealth of the owner of the firm, While economics does all the activities for the nation and not for an individual.
What is the accounting equation?
it is the Assests=Liabilities+owner's Equity
What accounting entity convention means?
Accounting rule that states the owner is regarded as being separate and distinct from the business.
What is Basic Accounting formula?
asset = liability + owner's equity
What does the Accounting Equation in accounting?
The Accounting Equation is Assets=Liabilities + Owner's Equity?
What is the relationship between accounting and economics?
Relation between Accounting and Economics. Accounting and economics relates to each other in the way that both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth. However, Accounting is the activity which provide information to the owner of the business firm, effective and efficient use of resources and maximization of the wealth of the owner of the firm, While economics does all the activities for the nation and not for an individual.
What is an overview of accounting?
Accounting is the study of finical transactions. Accounting basic equation is Assets= Liabilities + Owner's Equity.
What is equality of the accounting equation?
Equality on the accounting equation is that Assets equal liabilities + owner's equity
What is the accounting equation?
it is the Assests=Liabilities+owner's Equity
What accounting entity convention means?
Accounting rule that states the owner is regarded as being separate and distinct from the business.
What is Basic Accounting formula?
asset = liability + owner's equity
What is basic accounting equation?
Assets +Liabilities=Owner's Equity
What is the Equation of fundamental accounting?
Assets = Liabilities + Owner's Equity.
What is accounting entity assumption?
A business enterprise (entity) has an existence separate from the private financial affairs of its owner/s. The accounting records of the business are separate from the personal financial records of the owner
Does earning revenue affect the accounting equationig in it increases owner's equity?
yes, revenue is a part of the owner's equity
When the owner invests cash in a business the owner's capital account is in increased by a debit?
Accounting Entry:Cash xxxxCapital xxxx
