Accounting equations Flashcards
1
Q
Equity
A
Equity = Total Assets - Total Liabilities
2
Q
Impairment loss
A
Beginning allowance - Receivables write offs + Impairment loss = Ending allowance
3
Q
A
PAA > Accounting equations > Flashcards
Equity
Equity = Total Assets - Total Liabilities
Impairment loss
Beginning allowance - Receivables write offs + Impairment loss = Ending allowance