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What must I do to write asset and liability and capital accounts?
What is meant by this questions... How must I tackle the questions... It's a question from my module of accounting and financial analysis... Please reply me within a short period of time! I really need help!!!!!
i'm not exactly sure what you're looking for but i'll try to help.
assets=liability + capital or owners equity
a balance sheet would include these accounts
assets are:
cash, prepaids, supplies etc.
liabilities are what you owe, or haven't earned:
accounts payable, notes payable, unearned rent
your capital is your worth
hope this helps
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