Assets = income + profit

Assets = Liabilities + Owners’ Equity

Assets + Expenses = Liabilities + Owners’ Equity + Income

Boss, I’ve never really understood it. He just It doesn't make sense, it's unreasonable, he says it's wrong, but he can't explain why what you said is wrong, he just feels awkward.

Next time, when the boss asks you a question, just use simple words and tell him. Don’t go into too much depth, get yourself involved, and show your low level.

Owner’s equity is the registered capital invested in the company when it was just established, and the assets are the money or goods or items in the production and operation process. Anyway, it is the company’s money, which is deposited in different forms, some of which are Some cash is bank deposits, some money is with others, which is accounts receivable, some money is given to others first, but it is still your own, which is called prepaid accounts, and some money is used to buy goods, but it still belongs to the company. , it is the inventory of goods. If you have the money, you can buy air conditioners. Air conditioners are also the company's goods and are fixed assets. Assets are things that belong to the company.

The main reason for fake reports is that the data looks good. After data analysis, it only needs to look good to the big eyes