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Acronyms that contain the term accounting identity
What does accounting identity mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: accounting identity.
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What does accounting identity mean?
- 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.
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"accounting identity." Abbreviations.com. STANDS4 LLC, 2024. Web. 15 Jun 2024. <https://www.abbreviations.com/accounting%20identity>.
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