null
US
Sign In
Sign Up for Free
Sign Up
We have detected that Javascript is not enabled in your browser. The dynamic nature of our site means that Javascript must be enabled to function properly. Please read our
terms and conditions
for more information.
Next up
Copy and Edit
You need to log in to complete this action!
Register for Free
170910
The accounting equation
Description
The Accounting Equation Mind Map on The accounting equation, created by Bradley Reyes on 19/08/2013.
No tags specified
the accounting equation
the accounting equation
Mind Map by
Bradley Reyes
, updated more than 1 year ago
More
Less
Created by
Bradley Reyes
over 10 years ago
100
0
0
Resource summary
The accounting equation
1-1assets
measurable value
future benefits
possession(own and control)
examples
equipment
land
cash
debtor
owes the business money
definition
owns and controls
1-2liabilities
dept
examples
loan
creditors
someone the business owes
accounts payable
By Bradley Reyes
1-3owners equity
owners equity=owners share
owners equity=assets-liabilities
share holder equity
incase of corperations
1-4 expenses
cost to make money
pay with cash=decrease asset
charge=liabilities incerease
telephone bill=expense
equipment can be liquidated for money
company car=owners equity
1-5 revenues
income
increase owners equity
adds value to company
increases assets
1-6 net income vs. net loss
net income
revenues > expenses
net los
revenues < expensive
Media attachments
acct_fin._accounting_equation (image/jpg)
acct_fin. (image/jpg)
acct_fin (image/jpg)
acct_fin2 (image/jpg)
acct._and_fin._share_holders (image/jpg)
Show full summary
Hide full summary
Want to create your own
Mind Maps
for
free
with GoConqr?
Learn more
.
Similar
The accounting cycle_1
Bradley Reyes
The Accounting Equation Mind Map
Tshepo Moholi
The Accounting Equation Mind Map
oafinance
USA stock market collapse
Emily Tisch
World at Risk: Disaster hotspots - the Philippines
Holly Lovering
Modals & semi-modals
Abeer Alqahtani
AQA GCSE Physics Unit 2
Gabi Germain
The Endocrine System
DrABC
Molecular Biology
Fadila Farag
TItrations (how to do the experiment) (concentrations)
janey.efen
PSBD/PSCOD/ASSD-New
Yuvraj Sunar
Browse Library