answersLogoWhite

0

Example of accounting equation

Updated: 4/28/2022
User Avatar

Wiki User

12y ago

Best Answer

The accounting equation is as follows:

Assets = Liabilities + Stockholder's Equity

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Example of accounting equation
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does the Accounting Equation in accounting?

The Accounting Equation is Assets=Liabilities + Owner's Equity?


What is an example of an accounting equation?

Assets − Liabilities = (Shareholders or Owners equity or Capital)


Accounting equation is true under all circumstances justify the statement with help of suitable example?

"Accounting Equation is true under all circumstances." Justify this statement with the help of examples.


What is the role of accounting equation in the study of accounting equation?

you did the mathh wrong and must re-do it


What is the fandamental accounting equation?

The fundamental accounting equation: Assets = Liabilities + Equity, is the basis for all financial accounting measurements.


What is the accounting equation and how does it work?

The accounting equation displays the relationship between capital, liabilities and the assets. The accounting equation shows that the assets are a sum of the liabilities and the invested capital.


What is equality of the accounting equation?

Equality on the accounting equation is that Assets equal liabilities + owner's equity


Who introduce Accounting Equation?

It is based on Accounting Principle of Dual Aspect of Money http://www.freembanotes.in/finance/accountancy/30-accounting-equation


How do debits and credits affect the accounting equation?

The debits in the accounting equation increase the amount that appears on the left side. The credits in the accounting equation do the opposite and increase any amount that appears on the right side.


A record in the accounting equation?

Transaction


What relationship is there between the accounting equation and the balance sheet?

The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )


What is the basic summary device of accounting?

account or accounting equation