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  2. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    In other words, if "assets are increased with left side entries, the accounting equation is balanced only if increases in liabilities and shareholder’s equity are recorded on the opposite or right side. Conversely, decreases in assets are recorded on the right side of asset accounts, and decreases in liabilities and equities are recorded on ...

  3. Additional funds needed - Wikipedia

    en.wikipedia.org/wiki/Additional_Funds_Needed

    Since a business that seeks to increase its sales level will require more assets to meet that goal, some provision must be made to accommodate the change in assets. To phrase it another way, the business must have some plan to actually finance the new assets that will be needed to increase sales.

  4. Double-entry bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Double-entry_bookkeeping

    Assets, Expenses, and Drawings accounts (on the left side of the equation) have a normal balance of debit. Liability, Revenue, and Capital accounts (on the right side of the equation) have a normal balance of credit. On a general ledger, debits are recorded on the left side and credits on the right side for each account. Since the accounts must ...

  5. 15 Most Important Assets That Will Increase Your Net Worth - AOL

    www.aol.com/finance/15-most-important-assets...

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  6. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    Buying assets by borrowing money (taking a loan from a bank or simply buying on credit) 3 − 900 − 900 Selling assets for cash to pay off liabilities: both assets and liabilities are reduced 4 + 1,000 + 400 + 600 Buying assets by paying cash by shareholder's money (600) and by borrowing money (400) 5 + 700 + 700 Earning revenues 6 − 200 ...

  7. 15 Most Important Assets That Will Increase Your Net Worth - AOL

    www.aol.com/finance/15-most-important-assets...

    4. Education. You might not have thought of it this way, but your education credentials are among your greatest assets. Choosing to invest in your own education to qualify for a better job or gain ...

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