What does accounting identity mean?
Definitions for accounting identity
ac·count·ing iden·ti·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word accounting identity.
Wikipedia
Accounting identity
In accounting, finance and economics, an accounting identity is an equality that must be true regardless of the value of its variables, or a statement that by definition (or construction) must be true. Where an accounting identity applies, any deviation from numerical equality signifies an error in formulation, calculation or measurement.The term accounting identity may be used to distinguish between propositions that are theories (which may or may not be true, or relationships that may or may not always hold) and statements that are by definition true. Despite the fact that the statements are by definition true, the underlying figures as measured or estimated may not add up due to measurement error, particularly for certain identities in macroeconomics.
Numerology
Chaldean Numerology
The numerical value of accounting identity in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of accounting identity in Pythagorean Numerology is: 6
Translations for accounting identity
From our Multilingual Translation Dictionary
- เอกลักษณ์ทางบัญชีThai
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"accounting identity." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/accounting+identity>.
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