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Which of these is not included as a separate item in the basic accounting equation?

1. Assets

2. Revenues

3. Liabilities

4. Stockholder`s Equity

Major Accounts Accounting Accounting and Finance
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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/14
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2. Revenues. The Basic Accounting equation is Asset - Liabilities = Stockholder's Equity.

Princes Carandang
by Princes Carandang , Accounting Assistant , Cougar Contracting

2. Revenue is not included in the basic accounting equation because the right equation for basic accounting is Asset= liabilities + owners Equity.

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

.>>>>>>>>>>>>>>>>>>>>>>2. Revenues

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