单词 | accounting equation |
释义 | accounting equationDefinition Assets = liabilities + owners' equity. The most fundamental equation of double-entry bookkeeping system, it expresses the relationship between what is owned and what is owed by an entity. Use 'accounting equation' in a SentenceBefore I could run the business, my dad told me that I must figure out how to read an accounting equation. When you want to try and figure out what your net worth is you can use the accounting equation to figure it out. If you want to find out how much money you really are making you can use the accounting equation to find your bottom line. |
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