Account Management Question:
Download Job Interview Questions and Answers PDF
Tell me how can you explain the basic accounting equation?
Answer:
We know that accounting is all about assets, liabilities and capital. Therefore, the accounting equation is:
Assets = Liabilities + Owners Equity.
Assets = Liabilities + Owners Equity.
Download Management Accountant Interview Questions And Answers
PDF
Previous Question | Next Question |
Explain dual aspect term in accounting? | Tell me what is GAAP? |