ACCOUNTING EQUATION PAC1153

BASIC ACCOUNTING EQUATION

A = L + OE

A is ?

A = L + OE

OE is ?

A = L + OE

L is ?

BASIC ACCOUNTING EQUATION

• A + OE + L = A

• A = L - OE

• A - L = OE

YOUR ACCOUNTING LECTURER

THERE ARE TWO TYPES OF ASSETS

• NON CURRENT LIABILITIES & CURRENT ASSETS

• NON CURRENT LIABILITIES & CURRENT LIABILITIES

• NON CURRENT ASSETS & CURRENT ASSETS

• NON CURRENT ASSETS & CURRENT LIABILITIES

ONE TYPE OF LIABILITIES

IT IS SOMETHING THAT WE OWNED

ASSETS THAT WE OWNED LESS THAN A YEAR