ISI BUKU Accounting Made Simple - Mike Piper

FULL FILE = rangkuman buku / summary

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RANGKUMAN BUKU CHAPTER 1 – THE ACCOUNTING EQUATION • A company’s assets consist of all the property that the company owns. • A company’s liabilities consist of all the debt that the company owes to lenders. • A company’s owners’ equity is equal to the owners’ interest in the company’s assets, after paying back all the company’s debts. • The Accounting Equation is always written as follows: Assets = Liabilities + Owners’ Equity • However, it’s likely easier to think of the Accounting Equation this way: Assets – Liabilities = Owners’ Equity.




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