The accounting equation is employed to make the, Ask an Expert

Management Studies

1) The Accounting Equation is employed to make the organizations financial reports.

a) describe what assets value would be if Liabilities are $12,000 and Owners' Equity is $50,000 by showing the Accounting Equation.

b) Give an illustration of two asset accounts which could contain the value.

2) The financial statements present a company to the public in financial terms.

a) Which financial statement must be made first and why?

b) Describe what information this financial statement gives.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M923698

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