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Accounting - Coggle Diagram

- - - - Reconcile the banks, which is also called "squaring the banks."
        
        Review the different accounts and balances to be sure that there are no duplicate or erroneous notes
        
        Relationship of accounting with other disciplines
        
        Accounting has various books that are essential for any company which are
        
        Inventary
        
        Major
        
        Diary
- - - - • Accounts, • Debits and credits • Charges and credits to accounts,
      - • Asset accounts, • Liability and capital accounts,
      - • Summary of the operation of debits and credits,
      - • Records of operations, • Accounts receivable and payable,
      - • The journal and the ledger, • Passes to the ledger, • Determination of the balances of the accounts, • The trial balance
- - - - Stockholders' equity is made up
        For all equity accounts: share capital, reserves, capital surplus
        
        Relationship between assets, liabilities and equity
        
        The asset is what the company owns
        
        By contrast, liabilities and equity refer to the financing of the company
        
        ASSETS = LIABILITIES + EQUITY
- - - - • Current liability: It is the part of the liability that contains the short-term obligations of a company. That is, debts and obligations that have a duration of less than one year.
      - • Non-current liability: It consists of all those debts and obligations that a company has in the long term
- - - - • Non-current or fixed assets: this group includes those assets and rights that will be kept in the company for more than one year
      - • Current or current assets: this includes the assets and rights that will remain in the company for less than a year