en-ie
enquiries@cenitcollege.ie
01 901 2014
January 18, 2021

Day

Tree of Capital
A core concept in financial accounting is the accounting equation which states that Assets = Capital + Liabilities What is capital? Diligent students will have learnt that in the financial statements of a sole trader, capital is typically comprised of: Opening Capital plus Capital Introduced during the Year, plus Net Profit for the Year (or...
Read More