Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Accounts in theory > ch-5 > Flashcards

ch-5 Flashcards

1
Q

What is accounting equation?

A

An accounting equation is a mathematical expression which shows that the assets and liabilities of a firm are equal.
ASSETS=LIABILITIES+CAPITAL

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Accounts in theory (19 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions