ALORE - Assets, Liabilities, Owners Equity, Revenue and Expenses
The accounting equation relates to the two main Accounting statements that we in Year 11 Accounting are studying in Semester 1.
The Income Statement (referred to above as the P&L) and the Balance Sheet.
Further information on the Income Statement and Balance Sheets can be viewed after clicking on one of the links in the menu.
The Income Statement (referred to above as the P&L) and the Balance Sheet.
Further information on the Income Statement and Balance Sheets can be viewed after clicking on one of the links in the menu.