Accounting Equation

The core essence of accounting is portrayed with the accounting equation; a formula depicting the basic fundamental relationship of the balance sheet accounts. It is: Assets = Liabilities plus Equity.

Bookkeeping – The Accounting Equation (Lesson 24)

Bookkeeping - Introduction and Basic Understanding / By David J Hoare MSA / 01/19/2017 02/15/2022

The accounting equation is a simple formula used frequently in business. The formula is: Assets = Liabilities plus Equity OR Equity = Assets minus Liabilities.

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