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Accounting
Topics
| | Accounting
Principles Accounting
Equation
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Summary Notes Assets
= Capital + Liabilities Assets
- Liabilities = Capital Net
Assets = Capital Horizontal
Balance Sheet
| Assets | Capital
+ Liabilities | | Fixed Assets Current
Assets | Current Liabilties Long
Term Liabilities Capital | Vertical
Balance Sheet
| Fixed Assets Current
Assets less Current Liabilities less
Long Term Liabilities = Capital |
See Balance Sheet and Trading
and Profit and Loss Account for numerical examples.
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