Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Financial accounting CH2

Financial accounting CH2

Ratings: (0)|Views: 11|Likes:
Published by Saudksn

More info:

Categories:Types, Business/Law
Published by: Saudksn on Jun 17, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

01/06/2014

pdf

text

original

 
BASIC ACCOUNTINGEQUATION
STUDY OBJECTIVE6
AssetsLiabilities
Owner’s Equity
 
= +
 
ASSETS AS A BUILDINGBLOCK
Assetsare resources owned by abusiness.
They are used in carrying out suchactivities as production, consumptionand exchange.
 
LIABILITIES AS ABUILDING BLOCK
Liabilities
are creditor claims against assets
are existing debts and obligations

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->