How can you explain the basic accounting equation?

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How can you explain the basic accounting equation?
Posted by:
Mohammed Aijaz Ahmed
12-December-2017

Gas Accounting Accounting Analysis Accounting and Finance

Question ajoutée par Princes Carandang , Accounting Assistant , Cougar Contracting
Date de publication: 2017/07/24

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Princes Carandang

par Princes Carandang , Accounting Assistant , Cougar Contracting

Simlpy it is ASSET= LIABILITIES+ OWNERS EQUITY

To get the LIABILITIES AND EQUITY it is:

LIABILITIES=ASSET- EQUITY

OWNERS EQUITY= ASSET- LIABILITIES

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Mohamed Al Zaharan Mohamed Lafir

par Mohamed Al Zaharan Mohamed Lafir , Accounting and Budgeting Manager , SAED International for Istigdam Company

Assets + Expenses = Capital + Liabilities + Income

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