BASIC TENETS OF ACCOUNTING Definition

Bookmark and Share

BASIC TENETS OF ACCOUNTING is four in number: 1. Assets = Liabilities + Owners Equity, 2. Debits = Credits, 3. Assets are on the left (debit side), and, 4. Liabilities and Equity are on the right (credit side).

Learn new Accounting Terms

OJT see ON-THE-JOB TRAINING.

EQUITY FUND is a mutual fund whose portfolio consists primarily of common stocks.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.