Accounting notes

Read it and score good marks in exams.

Accounting Equation - Problem 1 - By SahebAcademy Saheb Academy Asset is equal to liabilities plus equity or capital. Assets = Liability + Equity. Revenue and expenses affect the equity or capital. Whatever we add to one side, the same thing has to be added to the other side. Let's take a practical example: Transaction: Sale of goods costing $10,000 for cash $14,000 This is a bit tricky transaction to understand. Goods are increasing and cash is decreasing becau...

Accounting Equation - Problem 1 - By SahebAcademy Saheb Academy Asset is equal to liabilities plus equity or capital. Assets = Liability + Equity. Revenue and expenses affect the equity or capital. Whatever we add to one side, the same thing has to be added to the other side. Let's take a practical example: Transaction: Sale of goods costing $10,000 for cash $14,000 This is a bit tricky transaction to understand. Goods are increasing and cash is decreasing becau...

Read it and score good marks in exams.

Een volledige samenvatting van het boek 'accounting' voor de cursus accounting onder andere gegeven op de Universiteit van Amsterdam.