ACCOUNTING I Dersi Accounting and Business Environment soru detayı:

PAYLAŞ:

SORU:

What is the definition of basic accounting equation?


CEVAP:

The basic accounting equation provides the underlying framework for recording and summarizing the financial transactions of a business entity. It shows the relationship among assets, liabilities, and owner’s equity. Assets are on the left side of the equality while liabilities and owner’s equity are on the right side of the equality.