any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could increase more owner equity.

any obligations owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.

any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value

something that belong to the companies and owner.

as a present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow of the entity's resources

as a present ownership of the entity arising from past events, the settlement of which is expected to result in an outflow of the entity's resources

the owner's rights to the assets of the business

the obligations of owner's assets of the business

the economic resources of the business

Assets = Liability + Revenues

Assets - Liability = Owner equity

Assets - Owner's equity = Liability

Assets + Liability = Owner's equity

Assets = Liability + Revenue + Owner;s equity - Expenses

Assets = Liability - Revenue + Owner's equity - Expenses

Assets - Liability = Owner's equity + Revenue - Expenses

Assets = Liability + Owner's equity - Revenue + Expenses

RM 55,000

RM 59,000

RM 53, 000

RM 101,000

54,000 = 35,000 - 17,000 +36,000

17,000 = 35,000 - 19,000

65,000 = 21, 800 + 50,000 - 18,000

77,000 = 35,000 + 25,000 + 5,000 - 13,000

Current

Royalty

Non current

Overdraft bank

Drawing

Capital

Revenue