Accounting Equation,Financial Accounting I,BBA first semester,BBA-BI second semester
The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. Thus, the accounting equation is: Assets = Liabilities +Shareholder Equity. The balance sheet is a complex display of this equation, showing that the total assets of a company are equal to the total of liabilities and shareholder equity. Any purchase or sale by an accounting equity has an equal effect on both sides of the equation, or offsetting effects on the same side of the equation. The accounting equation is also written as Liabilities = Assets – Shareholder Equity and Shareholder Equity = Assets – Liabilities.
Accounting Equation for the month of march
Expert Counselling Service Incorporation
|Assets||=||Liabilities and Owners Equity|
|Total Assets=56500||Total liabilities +O/E=56500|