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3234094
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
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Created by
Samarra jones
over 8 years ago
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Resource summary
The Accounting Equation
assets
anything that will add future values
car
jet
yacht
DEBTORS
someone that owes your buisness money
Liabilities
debt
Loan
loan=cash
Creditor
Equity
owners equity
value of assests owner really owns
OWNERS EQUITY=ASSETS-LIABILITIES
shareholder's equity
publicly owned corporation
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