A Conversation for The Basics of Double Entry Book-keeping
Sales and the accounting equation
sauermaische Started conversation May 5, 2011
Given the equation Assets = Lialbilities + Equity, under which heading does the T account for "Sales" lie? Is it a liability, or is it a negative asset?
Key: Complain about this post
Sales and the accounting equation
More Conversations for The Basics of Double Entry Book-keeping
Write an Entry
"The Hitchhiker's Guide to the Galaxy is a wholly remarkable book. It has been compiled and recompiled many times and under many different editorships. It contains contributions from countless numbers of travellers and researchers."