What is the accounting equation?

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Accounting equation is a concept of equality of business assets with the business liabilites and equities.

Simply
Assets = Liabilities+Equities

2006-07-02 08:29:48 · answer #1 · answered by faisal: cma,apa 3 · 0⤊ 0⤋

There are many accounting equations. Be more specific

2006-07-01 13:45:52 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋

Assets - Liabilities = Shareholders Equity. In other words, what you own minus what you owe equals how much you're worth.

2006-07-01 13:48:26 · answer #3 · answered by insuranator 1 · 0⤊ 0⤋

Debits = Credits

2006-07-01 13:45:07 · answer #4 · answered by cc smith 3 · 0⤊ 0⤋