example of accounting equation.

In our example of accounting equation, we demonstrate how a known transaction influence the accounting equation. We also demonstrate how the similar transaction influence exact accounts by providing the journal entry that is used to record the transaction in the company’s general ledger.so that is the example of accounting equation.

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