Accounting is a process of organizing and calculating financial data, which specifies the health and productivity of a business or entity. The accounting equation is a process of breaking down financial data into groups, which helps to decipher what a business owns during a specific period of time. The data retrieved from the accounting equation can then be used to build other financial reports that give details about a business’s current financials, cash flows, and profits or losses. Accounting
ACCOUNTING EQUATION The accounting equation is the foundation or basic of accounting systems. The equation maintain for all transactions and business activities. Every asset that the company hold is always equal to the liabilities and equity. Therefore, the accounting equation is : ASSETS = LIABILITIES + EQUITY. For example, when we start a company, we must take a loan from investors or any of the institutions. Now, we take a look at each accounting equation starting with the asset. Asset are
Introduction Accounting is the process of work where an accountant or account related personnel keeps the company’s financial accounts. The process of work includes recording, storing, sorting, retrieving, summarizing and presenting in financial reports. The purpose of accounting is to provide information that is needed for making of economic decisions and to help in defining the financial position of a company. Accounting is very important to a company. Accounting Equation The Accounting Equation also
The main reason to have accounting is to be able to keep up to date and valid financial records of all aspects of your business. Without accounting and finance it would pretty much be a free for all when it comes to buying, selling, and providing customers with the support they need. Accounting keeps companies from lying about profits and losses that might affect investors. Businesses have to provide some sort of service, and doing this usually requires a change in currency, which needs to be recorded
In this paper, we review the balance sheet provided or XY Bank and cover the differences between a company and a bank’s balance sheet. Additionally we highlight why some of the balance sheet figures are what they are and look at loans and securities and cash levels held at the bank. Balance Sheet of XY Bank Analysis To understand why a bank’s balance sheet will be different to a commercial (non-financial) company’s balance sheet we first need to define what information a balance
things in a restaurant could not happen without math such as paying for your meal. Math is used to add up the total cost of a person’s bill as well as adding in the sales tax. More advanced math is used in the restaurant business as well. Using equations to determine what your business can afford to buy as well as the difference in the cost of the product and the profit it turns over is all determined by math. Jobs you might not even think require math do, such as portioning products or prepping
the previous topics discussed, this eternal rule in accounting has an identical goal with that of the basic accounting equation: KEEP BOTH SIDES EQUAL. Whatever happens. The terms debit and credit are used in recording business transactions which will indicate the increases or decreases of a specific account, be it an asset, liability, owner’s equity or capital, revenue, expenses and the owner’s drawings. Being on the left side of the equation, all assets will increase on the left side or debit
Bernoulli’s Equation. The Bernoulli equation states that, [IMAGE] but only when · point 1 and 2 lie on a streamline, · the fluid has a constant density, · the flow is steady · there is no friction. Although these restrictions sound severe, the Bernoulli equation is very useful, partly because it is very simple to use and partly because it can give great insight into the balance between pressure, velocity and elevation. Bernoulli's equation is the explanation
can calculate the side lengths minus the cut out squares using the following equation. Volume = Length - (2 * Cut Out) * Width - (2 * Cut Out) * Height Using a square, both the length & the width are equal. I am using a length/width of 10cm. I am going to call the cut out "x." Therefore the equation can be changed to: Volume = 10 - (2x) * 10 - (2x) * x If I were using a cut out of length 1cm, the equation for this would be as follows: Volume = 10 - (2 * 1) * 10 - *(2 * 1) * 1
Missing figures/equations My goal in writing this paper is two fold. Goal one is to try and understand how a stationary magnet exerts force by means of a magnetic field (even across a complete vacuum). Frequently, electromagnetic fields are compared to the gravitational field. Goal two is to explore the similarities between the two types of fields to see if comparison throws any light on the mechanism of magnetic field generation. The term action-at-a-distance is often used to describe forces
creative and find ways to keep pushing the student onward as well as upward. In order to devise the ultimate plan for educating students, a teacher must acknowledge that the “students” are what teaching is all about. The most important factor in the equation is unequivocally the STUDENT! All humans are different in some sort or fashion. But the fact still exists that we all have only this place to function in. So help by putting forth an effort to make it a better place for us all. I’m a firm believer
imaginary numbers, real numbers, logarithms, functions, some tangible and others imperceivable. But these abstract numbers, simply symbols that conjure an image, a quantity, in our mind, and complex equations, take on a new meaning with fractals - a concrete one. Fractals go from being very simple equations on a piece of paper to colorful, extraordinary images, and most of all, offer an explanation to things. The importance of fractal geometry is that it provides an answer, a comprehension, to nature
17th century. The simplest forms of equations in algebra were actually discovered 2,200 years before Mohamed was born. Ahmes wrote the Rhind Papyrus that described the Egyptian mathematic system of division and multiplication. Pythagoras, Euclid, Archimedes, Erasasth, and other great mathematicians followed Ahmes (“Letters”). Although not very important to the development of algebra, Archimedes (212BC – 281BC), a Greek mathematician, worked on calculus equations and used geometric proofs to prove
to find 3 equations, that would give me an answer, if I had certain information. The first was to find one that if you knew that there were four pegs on the boundary, and none on the interior, you could get the area. The second was if you knew that there were 4 pegs on the boundary, and you knew how many were on the interior, you could get the area. And last, if you had the number on the interior, and the number on the boundary, you could get the area. Process The first two equations, were a preparation
involved means that the potential energy is greater therefore the kinetic/moving energy will also be greater. Variables: Force to pull the band back. This will be between 3 and 11 Newton’s. Equations: Distance = Speed Time Speed = Time Distance Time = Distance Speed I also have Equations for EPE in my research. Method: 1) Attach an elastic band to the hook on the end of a Newton metre and stretch the band until the Newton metre reads three Newton’s 2) Then Release the
straight line relationship, expressed as Y = α + βX + e. Here, Y is the dependent variable, and X is the independent variable. α is the intercept of the regression line, and β is the slope of the regression line. e is the random disturbance term. The equation Y = α + βX (ignoring the disturbance term “e”) gives the average relationship between the values of Y and X. For example, if Y is the cost of goods sold and X is the sales, and α = 2 and β = 0.75, and if the sales are 100, i.e., X = 100, the cost
society. However, a true follower of utilitarianism would be outraged at Raskolnikov's claim that murdering the old woman can be considered morally right. Raskolnikov arbitrarily leaves out some necessary considerations in his moral "equation" that do not adhere to utilitarianism. A utilitarian would argue that Raskolnikov has not reached an acceptable solution because he has not accurately solved the problem. On the other hand, a non-utilitarian would reject even the notion
“Only the gold and silver flowed now, not from the coffers of the king, but from the purses of men who had made, say a fortune from industry, and returned, in their wills, a bounteous share of it to endow more chairs, more lectureships, more fellowships in the university where they had learnt their craft” (754). This is a quote from Virginia’s Woolf’s essay, “A Room of One’s Own”. Here she is making a point about universities and the funding that they received from men that had gone to school there
The Determination of a Rate Equation Aim --- The purpose of this experiment is to develop a method to determine the rate equation for the reaction between Magnesium ribbon and 2.0mol dm Hydrochloric acid, HCl. Hypothesis and Theory --------------------- When I react the magnesium ribbon with hydrochloric acid they will undergo the reaction according to the equation below: Mg(s) + 2HCl(aq) à MgCl (aq) + H (g) For a reaction to be successful the molecules must collide with
and temperature. Boyle discovered that for a fixed mass of gas at constant temperature, the pressure is inversely proportional to its volume. So in equation form this is: pV = constant if T is constant Amontons discovered that for a fixed mass of gas at constant volume, the pressure is proportional to the Kelvin temperature. So in equation form this is: p µ T if V is constant Shown below this is represented on graphs in (oC) and (K). [IMAGE] P [IMAGE] [IMAGE] q/oC