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  • Assests Liability Draw Equity Expenses Revenue: Debit Credit

    Transféré par

    Wilmae Grace Provido
    9 vues1 page
    This document outlines the basic accounting equation and categories for a small business. It shows that assets are equal to liabilities plus equity, and lists examples of line items that would be included in assets like cash, accounts receivable, and inventory, as well as expenses, equity, and sources of revenue.

    Description originale:

    Accounting Simplified

    Titre original

    Accounting

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    © © All Rights Reserved

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    This document outlines the basic accounting equation and categories for a small business. It shows that assets are equal to liabilities plus equity, and lists examples of line items that would be included in assets like cash, accounts receivable, and inventory, as well as expenses, equity, and sources of revenue.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    9 vues1 page

    Assests Liability Draw Equity Expenses Revenue: Debit Credit

    Transféré par

    Wilmae Grace Provido
    This document outlines the basic accounting equation and categories for a small business. It shows that assets are equal to liabilities plus equity, and lists examples of line items that would be included in assets like cash, accounts receivable, and inventory, as well as expenses, equity, and sources of revenue.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    DEBIT CREDIT

    Assests Liability
    Draw Equity
    Expenses Revenue

    Assets:

    - Cash
    - Accounts Receivable
    - Inventory
    - Equipments
    - Building

    Draw:

    - Distribution

    Expenses:

    - Rent
    - Utilities
    - Telephone/Internet

    Equity:

    - Owner’s Equity
    - What you have in the business

    Revenue

    - Sales
    - Service
    - Income Statement

    Assets = Liabilities + Equity

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