Accounting Equations

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Author:
Elliott108nl
ID:
194913
Filename:
Accounting Equations
Updated:
2013-01-24 02:38:43
Tags:
Accounting Equations
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Description:
Various equations used in accounting
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  1. Accounting Equation
    Assets = Liabilities + Equity
  2. Balance Sheet Equation
    Assets = Liabilities + Equity
  3. Equity Equation
    Owner, Capital - Owner, WD + Revenues - Expenses
  4. Statement of Owner's Equity
    Beginning Capital + Owner Investments - Owner WD + Revenue - Expenses
  5. Income Statement Equation
    Revenue - Expense = Net Income

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