Accounting Equation

Accounting equation is defined as assets are equal to liabilities plus shareholders equity. Accounting equation is the basis of double entry accounting. Accounting equation also provides the company to know about the assets, liabilities & share holders equity.

Accounting Equation

Accounting Equation Learning Objective: Define and explain accounting equation. Give an example of accounting equation. Definition and Explanation of Accounting Equation: Dual aspect may be stated as “for every debit, there is a credit.” Every transaction should have twofold effect to the extent of