Accounting Equation: Calculation and Explanation

photogrid 1587419857696 346873685

The accounting equation is also known as the balance sheet equation. It represents the relationship between the assets, liabilities, and owner’s equity of a person or business. It is also termed the foundation for the double-entry bookkeeping system. For each transaction, the total debits equal the total credits. Formula for Accounting Equation Most calculations in […]

Accounting Equation: Calculation and Explanation

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: