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Explain accounting equations ?

CA ACCA Audit & Accounting Business & Finance

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Jun 22 at 20:14:2
	Ashiq 21

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The accounting equation is used in double-entry accounting system.

It shows the relationship between any one business's assets liabilities & equity by using the accounting equation.

The second name of accounting equation is also called the balance sheet equation.

The formula

A = L + OE L

A for Assets

L for Liabilities

OE Owners equity

Assets = Liabilities + Owner's Equity

Jun 22 at 20:20:21
	Adnan 16

Asked	5 months ago
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Explain accounting equations ?

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