Copy and Edit

The Accounting Equation

Description

Created by Jenny Hubbard
oafinance
Mind Map by oafinance, updated more than 1 year ago
oafinance
Created by oafinance over 11 years ago
63
0
0

Resource summary

The Accounting Equation
  1. Assets
    1. Examples
      1. Debtor
        1. owes the business money
          1. accounts receivable
        2. Cash
          1. Land
            1. Equipment
            2. Definition
              1. Own and Control
                1. Measurable Value
                  1. Future Benefits
                2. Liabilities
                  1. Debt
                    1. Examples
                      1. Creditor
                        1. someone the business owes
                          1. accounts payable
                        2. Loan
                      2. Owner's Equity
                        1. The owner's share of the assets
                          1. Corporation = Shareholder's Equity
                          2. Equity = Assets - Liabilities
                            1. Increases with capital investments
                            Show full summary Hide full summary

                            Want to create your own Mind Maps for free with GoConqr? Learn more.

                            Similar

                            The accounting equation
                            Bradley Reyes
                            The accounting cycle_1
                            Bradley Reyes
                            The Accounting Equation Mind Map
                            Tshepo Moholi
                            The Accounting Equation Mind Map
                            oafinance
                            Browse Library