Define the accounting equation define explain and example, Accounting Basics

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Define the accounting equation define explain and example

The following questions must be answered in the report to receive full credit:

Define the accounting equation.
Define, explain, and example the following: Asset, Liability, Equity, Revenue, and Expense
List some 'accounts' and if they are an Asset, Liability, Equity, Revenue, and Expense types (Hint, see examples in your text).
Discuss your thoughts and concerns on taking this accounting class, intellipath, and how much time you believe you should invest each week in the study of accounting. What questions regarding intellipath do you have?

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