Accounting equation

Accounting equation

By هدى بومطيع

Contents of the accounting equation

Assets

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Liabilities

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Owners equity​

Some text here about the topic of discussion

an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies

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Assets

the state of being legally responsible for something

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liabilities ​

This represents the capital theoretically available for distribution to the owner of a sole proprietorship

owner's equity

Multiple Choice

cash is considered as:

• assets

• liabilities

• owners equity

Multiple Choice

Revenue is considered as:

• assets

• liabilites

• owners equity