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Topic 3 - Accounting Equation

Topic 3 - Accounting Equation

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Published by denixng

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Categories:Types, School Work
Published by: denixng on Dec 08, 2009
Copyright:Attribution Non-commercial

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09/21/2014

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 Larson, Wild, Chiapetta, Ropidah, Haslinda, Aryati, Liana© The McGraw-Hill Companies, Inc., 2007 
AccountingEquation andFinancial Statement
Topic
33
100 Shares$1 par value
 
A = L + E!!
 
 
 Larson, Wild, Chiapetta, Ropidah, Haslinda, Aryati, Liana© The McGraw-Hill Companies, Inc., 2007 
Learning Objectives
 
Learning Objectives
Explain the concept andaccounting equation
Identify effects of businesstransactions on the accountingequation
Prepare financial statement
 
 Larson, Wild, Chiapetta, Ropidah, Haslinda, Aryati, Liana© The McGraw-Hill Companies, Inc., 2007 
Concept of Accounting Equation
 
Concept of Accounting Equation
Accounting equation present the resources of the business and claims to those resources
Assets are the resources owned by a business
Equities are the rights or claims against theseresources
Equities divided into :
1) Claims of creditor (Liabilities)
2) Claims of owner (Owner Equity)

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