What is Owner’s Equity? How to Calculate it
Owner’s equity is one of the three components of the accounting equation so understanding its basics is a key step …
Concepts
Assets in Accounting: A Beginners’ Guide
Assets are one of the key building blocks of accounting that holds the entire accounting equation together. In this guide, I explain the meaning …
Business Entity Principle
In accounting, it is important to differentiate between business and personal transactions because you only want to record those transactions …
