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Motivation

This document outlines the basic accounting equation that assets must equal liabilities plus capital. It lists common assets like accounts receivable, office equipment, and cash, common liabilities such as accounts payable and taxes payable, and revenue and expense items including service revenue, wages expense, and repairs and maintenance that impact the capital account.

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Gerry Areola Aquino
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58 views7 pages

Motivation

This document outlines the basic accounting equation that assets must equal liabilities plus capital. It lists common assets like accounts receivable, office equipment, and cash, common liabilities such as accounts payable and taxes payable, and revenue and expense items including service revenue, wages expense, and repairs and maintenance that impact the capital account.

Uploaded by

Gerry Areola Aquino
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASSETS

LIABILITIES
CAPITAL

ACCOUNTING
EQUATION
Accounts Payable

R.V., Drawing

Accounts Receivable
Office Equipment

Service Revenue

Repairs and Maintenance


Taxes Payable

Wages Expense

Cash
Revenue from Fees

+ =

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