Explain what the * represents in the accounting equation. Assets * Liabilities = Capital Not only are
Question:
Explain what the * represents in the accounting equation.
Assets * Liabilities = Capital
Not only are the owners of a business interested in what their business is worth, they are also interested in how much their business is earning for them. They are interested in the profitability of their business.
We cannot tell whether a business is profitable by analysing a balance sheet. After all, it can only tell us what the business has in the way of assets and liabilities at one particular time. It may help to think of a balance sheet as being rather like a photograph—it only captures the moment when the balance sheet was prepared.
However, over a financial year it is likely that a balance sheet will change. Assets may increase or decrease. Liabilities may increase or decrease. These changes will take place due to business activity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
In the given accounting equation Assets Liabilities Capital The symbol represents the equality relat...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
