Difference between revisions of "Expanded accounting equation"
(Created page with "Expanded accounting equation is Assets = Liabilities + Owner's Capital - Owner's Withdrawals + Revenue - Expenses. ==Definitions==...") |
(→Related lectures) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 9: | Line 9: | ||
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
| − | ==Related | + | ==Related lectures== |
*[[Principles of Accounting]]. | *[[Principles of Accounting]]. | ||
| − | [[Category: Accounting]][[Category: Articles]] | + | [[Category: International Accounting]][[Category: Articles]] |
Latest revision as of 22:35, 4 January 2019
Expanded accounting equation is Assets = Liabilities + Owner's Capital - Owner's Withdrawals + Revenue - Expenses.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Expanded accounting equation. Assets = Liabilities + Owner's Capital - Owner's Withdrawals + Revenue - Expenses.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
