Accounting Equations
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Last updated 6:05 PM on 9/21/26
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8 Terms
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Assets =
Liabilities + Equity
2
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Net Income =
Revenues - Expenses
3
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Ending Retained Earnings =
Beginning Retained earnings + Net income - Dividends
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Gross Profit =
Sales Revenue - Cost of Goods Sold
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Total Equity =
Common Stock + Retained Earnings
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Working Capital =
Current Assets - Current liabilities
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Current Ratio
Assets divided by current liabilities
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Interest =
Principle x Rate x Time