This topic of the financial management course explores the balance sheet liabilities in more detail. It explains the vital year-end adjustments and practices for their entry into the balance sheet.
This topic aims to increase your understanding of accounting principles and practices by solving the following problems:
- What is owner’s equity?
- What is the role of equity in my business?
- What are the year-end financial accounting practices for owner’s equity?
- How to I enter owner’s equity into my balance sheet?