THE ACCOUNTING EQUATION

Diana  Herrera
Mind Map by Diana Herrera, updated more than 1 year ago
Diana  Herrera
Created by Diana Herrera about 4 years ago
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mapa en ingles

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THE ACCOUNTING EQUATION
1 LUCA PACIOLI
1.1 The Father of Accounting
1.1.1 He is referred to as
1.1.2 the first person to publish a work on the double-entry system of book-keeping
1.1.2.1 he was
1.1.2.2 Every transaction
1.1.2.2.1 Has a double impac company
1.1.2.3 THE DOUBLE ENTRY CONCEPT
1.1.2.3.1 DEBIT
1.1.2.3.1.1 T account
1.1.2.3.1.2 CREDIT
2 WRITING
2.1 ASSETS
2.1.1 LIABILITIES
2.1.1.1 =
2.1.1.2 EQUITY
2.1.1.2.1 +
2.1.2 EQUITY
2.1.2.1 LIABILITIES
2.1.2.1.1 ASSETS
2.1.2.1.1.1 =
2.1.2.1.1.2 EQUITY
2.1.2.1.1.2.1 -
2.1.2.2 ASSETS
2.1.2.2.1 =
2.1.2.2.2 LIABILITIES
2.1.2.2.2.1 -
2.2 Transaction twelve
2.2.1 Example
2.2.2 the owner
2.2.2.1 WITH DRAW CASH
2.2.2.1.1 business
2.2.2.1.1.1 Assets and equity
2.2.2.1.1.1.1 affect
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