Академический Документы
Профессиональный Документы
Культура Документы
9th Edition)
Asset = Liabilities + Owners Equity
A = L + OE
1) Asset:
Resources owned by a business.
Used in carrying out activities such as
production.
Capacity to provide future benefit.
2) Liabilities :
Claims against asset.
Existing debt and obligation.
3) Owners Equity:
Owner claims against asset.
Equals to total asset minus total liability.
Owners Equity