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March 18, 2026The Accounting Review

The Exposition of Fundamental Accounting Procedure.

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Authors

LGLouis J. Goldberg

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Overview

Illustrates accounting fundamentals in students with no prior knowledge, highlighting key concepts.

Key Points

  • The aim is to clarify the basic principles of accounting, specifically the debit/credit technique and double entry theory.
  • Explained the concepts of assets and ownership rights in accounting.
  • Discussed the relationship between assets, liabilities, and proprietorship.
  • Presented the accounting equation in a simplified format.
  • Clarified how assets are linked to liabilities and proprietorship.
  • Defined equities as the ownership rights in the context of accounting.
  • Demonstrated the balance between assets and equities in basic accounting.

Cite This Study

Louis J. Goldberg (1953) studied this question.

synapsesocial.com/papers/69ba425c4e9516ffd37a2954https://doi.org/10.2308/tar-7088734
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1THE FLOW OF PROPERTY AS A BASIS OF INTERNAL CONTROL.1939
  2. 2THE FLOW OF ASSETS THROUGH A BUSINESS ENTERPRISE AND THE ACCOUNTING FLOW EQUATION BASED THEREON.1962
  3. 3The Concept of Assets in Accounting Theory.1996
  4. 4THE ASSET APPROACH TO ELEMENTARY ACCOUNTING.1941
  5. 5THAT BALANCE-SHEET APPROACH.1935