Asset = Liability + Owner's Equity.
The elements are:
1. Asset.
2. Liability.
3. Owner's Equity.
4. Revenue.
5. Expense.
6. Investment.
7. Cost.
8. Loss.
9. Drawing.
10. Profit.
Asset = Liability + Owner's Equity.
The elements are:
1. Asset.
2. Liability.
3. Owner's Equity.
4. Revenue.
5. Expense.
6. Investment.
7. Cost.
8. Loss.
9. Drawing.
10. Profit.