Class Notes (839,590)
Canada (511,419)
Langara College (1,809)
FMGT 1116 (41)
E.Hamer (38)
Lecture

The Basic Accounting Equitation.docx

3 Pages
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Department
Financial Management
Course Code
FMGT 1116
Professor
E.Hamer

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Description
The Basic Accounting Equitation Assets = Liabilities + Shareholders’ Equity  Statement of financial position / balance sheet o aka balance equation  Comparative statement o two or more periods of compared amounts  the accounting period is also known as the Period of time statement  the revenues of increased retained earnings results in a decrease of expenses
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