Homework Guru has the largest database of accounting experts who work as accountant in top companies and accounting firms across the globe. These accounting experts use accounting software and forensic accounting methods to solve tough accounting equation questions and accounting equationassignments. Along with accounting equationhomework help we provide accrual accountinghomework help , financial accounting, accounting cycle, management accounting, double entry accountinghomework help. We also provide resources for free accounting software, home accounting software and accounting principals so that students find it easy to solve and learn accounting equation. We also help you solve gaap accounting questions so that accounting equation terms along with cash basis accounting, fund accounting,intermediate accounting is as easy to understand as accounting basics. We also have assets liabilities equity experts associated with us who use international accounting standards & cost accounting standards to solve tough and tedious accounting equation, net income equation & balance sheet equation questions.
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So what exactly is Accounting Equation is?
Accounting equation is said to be the foundation of accounting entry system. It is the basis on which the double entry system is build. One can identify the actual company’s financial health by analyzing the equation. Every economic event that affects the balance sheet are shown in the accounting equation.
From an accounting equation one can get to know how the assets were purchased either by borrowing money or by liquidation shareholder’s equity.
As defined in accounting a company’s financial position is defined by the following measurements:-
- Owner’s Equity
So according to Accounting Equation:-
Assets = Liabilities + Owner’s Equity.
Assets are the resources company has for its operational use like Cash, inventory , fixedassets and accounts receivable. These are the resources which are controlled by the business and its stakeholder’s and have a legal claim on the same.
Liabilities are the accounts payable that are owed to the suppliers. Shareholder’s or owner’s equity is the amount paid by the company to its investors. For larger corporations the accounting equation is as follows:-
Assets = Liabilities + Stockholder’s Equity
A balance sheet display’s the entire accounting equation of a corporation. It notifies that any purchase by the firm has an equal effect on both sides of the equation.
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We also have a library for accounting terminology and provide special discounts and provisions for accounting worksheets for the accounting cycle. Along with this we have the largest database of accounting questions, accounting articles & accounting test used by various public accounting firms. All these accounting articles are written keeping in mind the gaap accounting standards and accounting ethics. All small and big accounting firms use this library to calculate accounting salaries & equity accounting for the shareholders for a specific accounting period.
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Business Law is a body of law that deals with the legal aspects of relations and conduct of the business. It is the field of law which deals with professionals dealing with trade and commerce across industries. It is a branch of civil law and is issues as both private and publiclaw. The law in the formation of a new business and also helps in resolution of various issues that exist in an existing business. All the legal departments like intellectual propertylaw, tax law, saleslaw and all kinds of business and its functional related laws are covered under Business law.
All business working operating in a particular country are required to abide to the Business Law of that country. Business law also helps in enhancement of the economy as it help in efficient and timely transactions. Also Business law is essential for keeping a track of taxation detail of the company.
Whenever a company do any business with another company it abides to a contract which states that a certain amount will be paid to the bearer at a mutually accepted date. Business law shows a legal course of action if the contract in not abided. It is an enforceable system which ensures that all the laws are abided. Also Business Law insures that all the contracts are executed under the Uniform CommercialCode adopted in that particular jurisdiction.
Business Law for Business Formation
All entities whether an individual or a big cooperation if planning to start a commercial activity , it is required to comply with the law of land for the particular jurisdiction. The process Is known as registration and is completed by Business Law attorney’s which do all the necessary filings before the business is opened for Commercial purposes.
Any Business can be registered as a public limited, private limited, Limited Liability , partnership. These business are designed in order to suffice the need of the board or the company which has registered it. Which company is registered under which process depends of various factors like the type of business and the tax liability associated with it. Once a company is registered all the internal and external documents are agreed upon by all the stakeholders of thecompany and then are filed by the Business Law attorney.
Business Law for Financial Transaction
Business mostly do business on a credit basis model where they avail the service or product on the basis of a release order or the purchase order. The final payment is made in accordance to the agreement which is mentioned in the contract signed by the two parties. This contract abide to the business law of the country where it is registered.
So overall we can see that Business Law is one of the most important aspect for any business to set up and function. Thus it is an Important subject taught to future managers in the Management colleges. Since the subject is tough , Business Lawhomework help is an Important service which is in demand among students. Homework Guru, the number 1 homework help website world has a database of lawyers who are working in the field of business law. These lawyers work part time and solve tough Business LawHomework Help questions and assignment. These experts all the questions pertaining to Business both as a subject or an expert answer. So if you are interested for Business Lawhomework help or are struck with Business Lawassignments this is the right place for you. The service is quite affordable and anyone who wants the best Homework Help service can log on to Homework Guru.
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