Be a good in Accounting / myLot

September 27, 2012 2:41am CST

I will talk about the accounting equation. Assets = Equity + Liabilities. I know the easiest way to learn this equation and the debit credit.

3 responses

meowchie

@meowchie (992)

• Philippines

27 Sep 12

If there's something given, there will always something EQUALLY to be taken :)) Debit and Credit! Cheeeeeers =)

anilasor

@anilasor (1)

• Philippines

27 Sep 12

would you teach me how especially the cycle of accounting?like for example what are the charts of account?

tangleddreams84

@tangleddreams84 (581)

• United States

27 Sep 12

My favorite one was LIFO FIFO. First in First out and Last in First Out. Different accounting methods for those who dont know. I believe these concepts are so true in life and everyone should take it. I took it when I was 17 in college and I still remember it. Maybe it is because I went into labor with my first child in this class????