3234094
Description
Mind Map by Samarra jones, updated more than 1 year ago
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Created by Samarra jones
about 9 years ago
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The Accounting Equation
- assets
- anything that will add future values
- car
- jet
- yacht
- car
- DEBTORS
- someone that owes your buisness money
- someone that owes your buisness money
- anything that will add future values
- Liabilities
- debt
- Loan
- loan=cash
- loan=cash
- Creditor
- debt
- Equity
- owners equity
- value of assests owner really owns
- OWNERS EQUITY=ASSETS-LIABILITIES
- value of assests owner really owns
- shareholder's equity
- publicly owned corporation
- publicly owned corporation
- owners equity
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