Accounting and Finance

Accounting Equation

1. Assets = Liabilities + Equity

   1. Assets

      1. Rights the company has investments the co. has made

   2. Liabilities

      1. Obligation

         1. Accounts payable

         2. Salaries payable

         3. Wages payable

      2. Current liability

         1. Short term

      3. Non-current liabilities

         1. Long-term

   3. Equity