Martinndungu1986
On this page, you find all documents, package deals, and flashcards offered by seller martinndungu1986.
- 442
- 0
- 14
Community
- Followers
- Following
1 items
Payroll Fundamentals 2 questions and Answers
The accounting equation states: - Assets = Liabilities + Owners Equity Owner's Equity has two components: - Owner's Equity = Contributed Capital + Retained Earnings Contributed Capital - The amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: - Assets = Liabilties + Contributed Capital + Retained Earnings The 5 different accounts of a typical for-profit organization - - asset accounts - liability accounts - revenue a...
- Exam (elaborations)
- • 13 pages •
The accounting equation states: - Assets = Liabilities + Owners Equity Owner's Equity has two components: - Owner's Equity = Contributed Capital + Retained Earnings Contributed Capital - The amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: - Assets = Liabilties + Contributed Capital + Retained Earnings The 5 different accounts of a typical for-profit organization - - asset accounts - liability accounts - revenue a...