There are two ways in which one can define an equivalent in math. This is because the term equivalent in mathematical theory is a notion that has multiple meanings. Equivalent means that different terms and expressions with a similar value are considered equal in mathematical form. The use of the equivalent symbol (as three bars) is frequently used in Unicode programming for computers, as well as in Boolean algebra. Venn diagrams use the concept of logical equivalence to establish the relationship between two algebraic expressions and functions. The concept of equivalence is also used in explaining the structural similarity between the chemical compounds.
- This statement reflects profits and losses that are themselves determined by the calculations that make up the basic accounting equation.
- A company’s quarterly and annual reports are basically derived directly from the accounting equations used in bookkeeping practices.
- In reaction stoichiometry, it is the amount of one substance that reacts with one mole of another substance.
- Thus, the accounting equation is an essential step in determining company profitability.
- For example, let’s say we are making a recipe that requires 1/2 cup of butter.
- The income and retained earnings of the accounting equation is also an essential component in computing, understanding, and analyzing a firm’s income statement.
For example, 2 is said to be equal to 2 but equivalent to 1 + 1.
Since the balance sheet is founded on the principles of the accounting equation, this equation can also be said to be responsible for estimating the net worth of an entire company. The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total value of a firm’s assets. Yes, equivalent fractions are the same as they are two different ways of representing the same concept. Equivalent ratios, sometimes known as equivalent fractions, are ratios that have the same proportion to each other when put in simplest form.
In other words, this equation allows businesses to determine revenue as well as prepare a statement of retained earnings. This then allows them to predict future profit trends and adjust business practices accordingly. Thus, the accounting equation is an essential step in determining company profitability. A company’s quarterly and annual reports are basically derived directly from the accounting equations used in bookkeeping practices.
equivalent Business English
These ratios can be multiplied or divided by their common factors, which can help simplify them. Equivalent ratios have different numbers in different forms, but their relationship is reflected only by their final value. Two mathematical expressions are said to be equivalent if they yield the same result upon solving them.
Watch your kids fall in love with math & reading through our scientifically designed curriculum. Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Equivalent implies amounting to the same thing in worth or significance. To find equiavlent fractions, we multiply the numerator and denominator by the same number.
Equivalent – Definition with Examples
However, due to the fact that accounting is kept on a historical basis, the equity is typically not the net worth of the organization. Often, a company may depreciate capital assets in 5–7 years, meaning that the assets will show on the books as less than their “real” value, or what they would be worth on the secondary market. These are some simple examples, but even the most complicated transactions can be recorded in a similar way. This equation is behind debits, credits, and journal entries. Equivalent mass is molar mass divided by the n factor which isn’t always dependent on the other reactant. As a rule of thumb “One equivalence of one reactant reacts completely with one equivalence of another.”These concepts of equivalence are extremely important in acid-base titration to determine the neutralisation point.
Related word
These equations, entered in a business’s general ledger, will provide the material that eventually makes up the foundation of a business’s financial statements. This includes expense reports, cash flow and salary and company investments. The accounting equation is fundamental to the double-entry bookkeeping practice. Its applications in accountancy and economics are thus diverse. The accounting equation will always be “in balance”, meaning the left side (debit) of its balance sheet should always equal the right side (credit).
So, we can use two 1/4 cups of butter instead of one 1/2 cup. So, the given expressions are not equivalent to each other. In simple words we can say that two things or quantities are equal when they are exactly the same like ½ is equal to ½ but ½ is equivalent to 2/4 as they represent the same value. Equal means same in all aspects, whereas equivalent means similar but not identical. In reaction stoichiometry, it is the amount of one substance that reacts with one mole of another substance. Same, selfsame, very, identical, equivalent, equal mean not different or not differing from one another.
Two fractions are equivalent if the value, proportion, or quantity they represent is the same. Equivalent fractions can have different numerators and denominators. And also to know the equivalent mass you simply need to find the mass of one equivalent of a substance using mole concept.
Equivalent ratios are those which can express a similar or the same relationship between numbers or values. Equivalent concept is an archaic unit of measurement that was used in chemistry and equivalent amount meaning the biological sciences in the era before researchers knew how to determine the chemical formula for a compound. For example, let’s say we are making a recipe that requires 1/2 cup of butter.
