Please Help: Accounts
Posted Date : 16-Jan-2012 , 10:18:27 am | Posted By: Shyam Kumar.s
Category :
Accounts | Answers :
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Comments :
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What are the different forms of accounting equations? |
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Answers:
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 Answer by: PRIYANKA |
| As answered by lavina...accounting equation in its simplest form is Assets-Liabilities= shareholders/owner's fund/capital. which if analysed and observed and expanded can be rewritten as:
Assets = Liabilities + Stockholders' Equity Assets = Liabilities + Common Stock + Retained Earnings Assets = Liabilities + Common Stock + Net Income - Dividends Assets = Liabilities + Common Stock + Income - Expenses - Dividends
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| Answer by: Rambabu Senkarasetti |
| Capital= Assets-liabilities
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| Comments |
| Posted By : Lavina Bajaj |
17-Jan-2012, 12:34:30 |
| accounting equation basically is liabilities + capital=asset.
now it can be rewritten as capital= assets-liabilities. |
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