Tag Archives: owners’ equity

Learn Accounting in 80 Sec – Assets, Liabilities and Owners’ Equity | What Is Asset, Liability and Owners’ Equity

Accounting What is accounting? As defined in http://www.investopedia.com, accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting provides information on the: – Resources available to a firm; – The means employed to finance those resources, and – The results achieved through their use. (http://www.businessdictionary.com/definition/accounting.html) We have discussed about the […]