Based on the video The differences between finance and accounting.... Liabilities, in context, means What I
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Based on the video "The differences between finance and accounting".... Liabilities, in context, means" " What I own" Equity, in context, means: "What I have". Accounting equations, basically said that: Equity = Assets + Liabilities. Income statement, balance sheets and cash flows analysis are the most common reports produced by accountants. Accountants are, basically, focused on future business transactions. Accounting is the usage of money and recording transactions.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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