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The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of accounting science. Like any equation, each side will always be equal. In the accounting equation, every transaction will have a debit and credit entry, and the total debits (left side ...
Definition of the part via a 3D CAD model rather than via a 2D engineering drawing. Drawings may be printed (plotted) from the model for reference use, but the model remains the governing legal instrument. MBP: measurement between pins: threads, splines, gears (internal, female) (synonymous with MBW) (see also MOP, MOW) MBW: measurement between ...
The general accounting equation is as follows: Assets = Equity + Liabilities, [22] A = E + L. The equation thus becomes A – L – E = 0 (zero). When the total debits equals the total credits for each account, then the equation balances. The extended accounting equation is as follows: Assets + Expenses = Equity/Capital + Liabilities + Income,
Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play. The construction field uses many terms not used in other forms of accounting, such as "draw" and progress billing . [ 1 ]
Site Drawing for Gov. Inst. for Research in Physical Education, Japan 1935. A civil drawing, or site drawing, is a type of technical drawing that shows information about grading, landscaping, or other site details. These drawings are intended to give a clear picture of all things in a construction site to a civil engineer.
Also Abrams' water-cement ratio law. A law which states that the strength of a concrete mix is inversely related to the mass ratio of water to cement. As the water content increases, the strength of the concrete decreases. abrasion The process of scuffing, scratching, wearing down, marring, or rubbing away a substance or substrate. It can be intentionally imposed in a controlled process using ...
The assembly drawing gives the drawing numbers of the subsequent detailed components, quantities required, construction materials and possibly 3D images that can be used to locate individual items. Although mostly consisting of pictographic representations, abbreviations and symbols are used for brevity and additional textual explanations may ...