Modalities governing the loss of civilian protection in armed conflicts
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Description : Gas cyclone thesis
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The accounting euation is Assets > Ciabilities D ?wner4s 9uity. A ;3,888 net increase on the asset side of the euation must be matched by an eual ;3,888 net increase on the liability and euity side of the euation. ;3,888 > ;18,888 D ;",888!. 2-2". ?ne of the local fast-food outlets hired a first-year accounting student to oversee the cash-collection procedures. +hen the firm pays the student her weekly wage, the transaction will a. increase an asset, increase a liability b. decrease an asset, decrease a liability c. increase an asset, increase owner4s euity $. $ecrease an asset' $ecrease o-ner0s e>uity The wages or salaries of employees are treated as e'penses. 9'penses decrease owner4s euity. The payment resulted in a decrease in cash, an asset, and a decrease in owner4s euity from an e'pense!.
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The e'pression of Assets > Ciabilities D ?wner4s 9uity is called the ACC"U2TI23 euation or balance sheet euation. An account PA6A5L is a liability created by buying goods or services on credit. An account 7CI9A5L is an asset created by selling products or services on credit. (roperties or economic resources owned by the business are called ASSTS . A 5ALA2C S!T is a financial statement providing information that helps users understand a company4s financial status. The 5USI2SS 2TIT6 principle reuires every business to be accounted for separately from its owner or owners. An economic event that changes the financial position of an organiation, and that often takes the form of an e'change of economic consideration between two parties, is called a business T7A2SACTI"2. The rule that reuires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is called the 3"I23-concern or continuing-concern principle. The accounting principle that reuires financial statement information to be based on actual costs incurred in business transactions is the C"ST principle.
