Accounting principles and procedures are relevant to all business activities, regardless of the type of business entity or the form of enterprise. Two of the most common forms of business enterprises ...

Regardless of the type of company you run, the same basic accounting equation applies: The value of your company's assets is equal to its total liabilities plus the owners' equity in the firm.

Understanding these concepts can help you make smarter financial decisions in the long run and day to day. Many, or all, of the products featured on this page are from our advertising partners who ...