Accounting equation is defined as assets are equal to liabilities plus shareholders equity. Accounting equation is the basis of double entry accounting. Accounting equation also provides the company to know about the assets, liabilities & share holders equity.
Cost of goods sold can be described as a direct expense that associated with the production of the goods with a production plant or a factory. Cost of goods sold of a company is listed in the income statement of the company. Cost of
Underlying profit is a termed that can be defined as the description of the reflection of the actual profit of a company. The underlying profit is not the actual accounting profit of the company that is recorded on the financial statements and the other
Maintenance margin can be defined as the minimum amount of equity or the marginal amount of equity that must be held in the margin account. This rule applies to all the investors that bring their securities to the margin accounts. According to the rules
Managerial/Management/Cost Accounting Formulas: Cost of Goods Manufactured, Sold, and Income Statement Formulas Cost Volume Profit (CVP) Formulas
Accounting Principles and Accounting Equation Definition and Explanation: Accounting is the language of business. Affairs of a business unit are made understood to others as well as to those who own or manage it through accounting information which has to be suitably recorded, classified,
Accounting Equation Learning Objective: Define and explain accounting equation. Give an example of accounting equation. Definition and Explanation of Accounting Equation: Dual aspect may be stated as “for every debit, there is a credit.” Every transaction should have twofold effect to the extent of