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Principle or universal law

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Financial accounting is based on theassumption that economic duality requiresthat the asset is equal to liabilities plus

equity, A = P + C, ie the resources availableto the entity to accomplish its purposes fromsources external and internal, and thattransactions are recorded accounting

quantified by means of the theory of doubleentry, by charges or credits that representincreases and decreases of assets, liabilitiesand stockholders' equity.

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The mathematical equation A = P + C isalways true, no matter what kind ofoperation is recorded, so it is a Universal

Law.

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It should be remembered that:

Increases in assets and decreases load of this is

paid;

Increases in liabilities and stockholders are paidand that the load decreases

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According to the theory of double entry:Increases the asset on the cash account by $ 1.150Increases in capital income sales account for $ 1.000Increases the liability on account of IVA transferredfor $ 150

Applying the rules of debit and credit:By increasing the asset in the cash account ischargedIncreasing the capital income in the sales account iscreditedBy increasing the liability on account of IVAtransferred, is payable

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According to the theory of double entry:Increases the asset account of goods by $ 2.000Increases the asset on the creditable IVA account for $300

Increases in liability accounts payable by $ 2.300

Applying the rules of debit and credit:By increasing the active freight account is chargedBy increasing the asset account creditable IVA is chargedBy increasing the liability in accounts payable, is payable

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According to the theory of double entry:Decreases active bank account for $ 3.300Reduces the liability on account ISR payable for $ 2.500Reduces the liability on account PTU payable for $ 800

Applying the rules of debit and credit:By reducing the active bank account is creditedBy reducing the liability on account of ISR payable,chargesBy reducing the liability on account of PTU payable ,charges

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Box $1.100Sales $1.000IVA $100Sale of merchandise for cash

Goods $2.000Creditable IVA $300Suppliers $ 2.300Buying goods on credit

ISR payable $2.500

PTU payable $ 800Banks $ 3.300Payment ISR and PTU the previous year

1

2

3

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The three examples generated always a cause andeffect, a resource, a source of resource, ie a sourceand application of resources.

It also shows that the transactions are entered twiceover by charges or credits, and the sum of thecharges is equal to the sum of the credits.

Thus we can safely say that every charge carries asubscription.

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Any transaction made by the entity generates always a cause and effect, whichmodify the structure of their resources and

their sources, recorded by debits andcredits, without altering the numericalequality of its balance sheet.

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