⟩ What are the elements of the accounting equation?
The elements of accounting are Assets, Liabilities, and Owner Equities.
The way to remember this would be through the acronym ALOE
The accounting equation is Assets = Liabilities + Owners' Equities
Question and Answer:
Home Accounting
- Share
Popular Answers:
* There is no answer to the above question yet.
More Questions for you:
What is the basic accounting equation?
In which ways is math used in accounting
What are the limitations of accounting ratios?
What qualification do you need to become an accounting professional?
What is accounting period?
What is accrual accounting?
What are the nine accounting cycles?
What is partnership accounting?
What is Control in Accounting?
Why are Accounting Standards necessary?
