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What key point does each equation raise? $2,345,000Assets=$64,900Liabilities+$2,298,100Owners’equity $26,450Assets=$675,000Liabilities-648,550Ow’equ

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Question ajoutée par Mahmoud Hotar , Auditor , Ajiad Import & Export (Yarn-Fabrics)
Date de publication: 2018/08/11
Mahmoud Hotar
par Mahmoud Hotar , Auditor , Ajiad Import & Export (Yarn-Fabrics)

First one: This Accounting Equation balanced, but wow! Look at the very small size of Liabilities relative to assets . This kind of contrast isn’t typical. The Liabilities of a typical business usually account for a much larger percentage of its total Assets.

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