1. Home
  2. Flashcards
  3. Preview

Accounting Equations

  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
Author
Elliott108nl
ID
194913
Card Set
Accounting Equations
Description
Various equations used in accounting
Updated

  1. Home
  2. Flashcards
  3. Preview