Accounting Equation
Accounting EquationAlso known as the “Balance Sheet Equation,” it states that a company’s total assets are equal to the sum of its liabilities and owner’s equity. It is represented as: Assets = Liabilities + Owner’s Equity.
Accounting EquationAlso known as the “Balance Sheet Equation,” it states that a company’s total assets are equal to the sum of its liabilities and owner’s equity. It is represented as: Assets = Liabilities + Owner’s Equity.