Balance Sheet Definition & Examples Assets = Liabilities + Equity

A company may look at its balance sheet to measure risk, make sure it has enough cash on hand, and evaluate how it wants to raise more capital (through debt or equity). Balance sheets allow the user to get an at-a-glance view of the assets and liabilities of the...

Accounting Equation Assets = Liabilities + Equity

The purpose of this article is to consider the fundamentals of the accounting equation and to demonstrate how it works when applied to various transactions. The accounting equation is often expressed as an fundamental accounting equation and states that the sum of...

Accounting Overview, Principles, Examples, Importance, & Facts

For example, hiring an additional employee is qualitative information with no financial character. However, the payment of salaries, acquisition of an office building, sale of goods, etc. are recorded because they involve financial value. Though I am not a fan of...
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