The Accounting Equation

The Accounting Equation

1. Assets

   • Future benefits
   • Examples
     • Measurable value
       • Own and control
     • Car
       • Decor
         • Property
           • Cash

2. Liabilities

   • Debt
     • Examples
       • Loan
         • Creditor

3. Owner's Equity

   • The owner's share of the assets
   • Equity = Assets - liabilities
   • Shareholders Equity

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