Accounting Equation | Flashcards

Flashcards by mrlewiswhalen, created more than 1 year ago

Accounting Equation Flashcards

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	Created by mrlewiswhalen over 9 years ago

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What is the accounting equation?

What is a debit?

What does A stand for in the accountancy equation?

What is the definition for Liabilities?

What does L stand for in the accountancy equation?

What is a credit?

What does C stand for in the accountancy equation?

What is the definition for Asset?

What is the definition for Capital?