Unit 6: Vocabulary

To pass this unit, please study the 14 vocabulary words below.
UK
accounting equation
the foundation of double entry accounting which shows that all assets are either financed by borrowing money or paying with the money of the company's shareholders
UK
The accounting equation was the first thing I learnt on the bookkeeping course I went on.
UK
capital
the total financial value of all assets less any liabilities. The net worth of a company
UK
After three years trading the capital of the company had increased to $100m.

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