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Tutor profile: Mariah R.

Inactive
Mariah R.
Tutor for 8 years, Senior Account Manager for a Startup, Auditor at EY
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Questions

Subject: Professional Development

TutorMe
Question:

What is the number rule of success?

Inactive
Mariah R.
Answer:

Believe in yourself

Subject: Entrepreneurship

TutorMe
Question:

What is the language of business and why should aspiring entrepreneurs have a solid understanding of that language?

Inactive
Mariah R.
Answer:

Accounting is the language of business and entrepreneurs should possess a solid understanding of accounting in order to understand their business cash inflow and outflow.

Subject: Accounting

TutorMe
Question:

What is the double entry accounting equation general format? What financial statements includes this information? Explain the reasoning of the equation.

Inactive
Mariah R.
Answer:

Assets = Liabilities + Equity The balance sheet includes the double entry accounting equation that shows that the total assets of a company are equal to the total of liabilities and shareholder equity. Assets are valuable items that an individual or company owns in comparison to the liabilities it owes. Equity is the owners interest in an asset.

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