Scribd Logo
Upload

Welcome to Scribd!

  • Random 16

    Uploaded by

    api-27394470
    7 views1 page
    Assets equal liabilities plus owner's equity. To determine total assets, add up all liabilities owed and the total amount invested by the owner as capital. The basic accounting formula shows that whatever is owed or invested must be balanced by what is owned in order to determine the total assets of a business.

    Original Description:

    Original Title

    Random 16

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Assets equal liabilities plus owner's equity. To determine total assets, add up all liabilities owed and the total amount invested by the owner as capital. The basic accounting formula shows that whatever is owed or invested must be balanced by what is owned in order to determine the total assets of a business.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Random 16

    Uploaded by

    api-27394470
    Assets equal liabilities plus owner's equity. To determine total assets, add up all liabilities owed and the total amount invested by the owner as capital. The basic accounting formula shows that whatever is owed or invested must be balanced by what is owned in order to determine the total assets of a business.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    J.A.M.

    G Business

    What formula do you use to determine


    the total assets use?
    -Assets = Liabilities + Owner’s Equity

    You might also like