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The Accounting Equation

Description

Mind Map on The Accounting Equation, created by Samarra jones on 19/08/2015.

Mind Map by Samarra jones, updated more than 1 year ago

	Created by Samarra jones over 8 years ago

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Resource summary

The Accounting Equation

assets
1. anything that will add future values
  1. car
  2. jet
  3. yacht
2. DEBTORS
  1. someone that owes your buisness money
Liabilities
1. debt
2. Loan
  1. loan=cash
3. Creditor
Equity
1. owners equity
  1. value of assests owner really owns
  2. OWNERS EQUITY=ASSETS-LIABILITIES
2. shareholder's equity
  1. publicly owned corporation

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