A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed.
Land : you own the space on which your business runs.
Building: you own the structure in which your business runs.
LIABILITIES:
Bank loan : you owe the bank money that you borrowed.
INCOME:
Cash sales: you earn cash money for goods or services sold to customers.
CAPITAL:
Cash at start.
Owner’s investment.
EXPENSE :
Cash purchases: you spend cash money on goods for resale from suppliers.
Credit purchases : you spend money on goods for resale from suppliers but you owe them for it.
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A(Assets)= Any resources that has future benefit. For example, cash, Building, Accounts Receivable etc.
L(Liabilities)= Benefits received or consumed but not yet paid. For Example, Accounts Payable.
I(Income)= Earned through sales or providing services. For example, Sales revenue.
C(Capital)= Any resources invested by owners.
E(Expense)= Benefits received and consumed but no future benefit.
A(Asset) =Asset is any resource that have future benefits.
L(Liability)= benefits received or consumed but not pain yet.
I(Income)= we do earn through providing services.
C( capital)=Any resource/ assets invested by owner.
E(expenses)= benefits received and consumed is called expenses.
Alice is my uncle’s daughter. By the way, ALICE stands for:
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset(Future benefit)
L=Libiabity(benefit received but not yet)
paid (payed it latter)
I=Income(product or goods selling)
C=Capital(owners investment)
E=Expance(benefit received and consumed)
ID-221-15-5750
A=Asset(Future benefit)
L=Libiabity(benefit received but not yet)
paid (payed it latter)
I=Income(product or goods selling)
C=Capital(owners investment)
E=Expance(benefit received and consumed)
ID-221-15-5713
A= Asset (Resource that has future benefits)
L= Liability (benefit received but not yet paid)
I= Income (Product sells)
C= Capital (Owner’s investment)
E= Expense (benefit received and consumed)
ID-221-15-5803
20 Comments
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
My ID Maherab_1095
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed.
ASSETS:
Land : you own the space on which your business runs.
Building: you own the structure in which your business runs.
LIABILITIES:
Bank loan : you owe the bank money that you borrowed.
INCOME:
Cash sales: you earn cash money for goods or services sold to customers.
CAPITAL:
Cash at start.
Owner’s investment.
EXPENSE :
Cash purchases: you spend cash money on goods for resale from suppliers.
Credit purchases : you spend money on goods for resale from suppliers but you owe them for it.
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
ALICE stands for
A=Asset
L=Libiability
I=Income
C=Capital
E=Expance
ALICE stands for
A=Asset
L=Libiability
I=Income
C=Capital
E=Expense
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A(Assets)= Any resources that has future benefit. For example, cash, Building, Accounts Receivable etc.
L(Liabilities)= Benefits received or consumed but not yet paid. For Example, Accounts Payable.
I(Income)= Earned through sales or providing services. For example, Sales revenue.
C(Capital)= Any resources invested by owners.
E(Expense)= Benefits received and consumed but no future benefit.
A(Asset) =Asset is any resource that have future benefits.
L(Liability)= benefits received or consumed but not pain yet.
I(Income)= we do earn through providing services.
C( capital)=Any resource/ assets invested by owner.
E(expenses)= benefits received and consumed is called expenses.
Alice is my uncle’s daughter. By the way, ALICE stands for:
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A= asset
L= liability
I= income
C= capital
E= expense
A=Asset:Future benefit
L=Libiabity:benefit received but not yet
paid (payed it latter)
I=Income:product or goods selling
C=Capital:owners investment
E=Expance:benefit received and consumed
A=Asset(Future benefit)
L=Libiabity(benefit received but not yet)
paid (payed it latter)
I=Income(product or goods selling)
C=Capital(owners investment)
E=Expance(benefit received and consumed)
ID-221-15-5750
A=Asset(Future benefit)
L=Libiabity(benefit received but not yet)
paid (payed it latter)
I=Income(product or goods selling)
C=Capital(owners investment)
E=Expance(benefit received and consumed)
ID-221-15-5713
A= Asset (Resource that has future benefits)
L= Liability (benefit received but not yet paid)
I= Income (Product sells)
C= Capital (Owner’s investment)
E= Expense (benefit received and consumed)
ID-221-15-5803