Accounting Equation Overview, Formula, and Examples
Content Understanding the Accounting Equation Why is the accounting equation important? Assets The fundamental accounting equation Owner’s Equity When John sets up his http://www.makary-monastery.ru/index.php?option=com_content&view=article&id=601:10-in-step-with-sts-patrick-and-gregory-of-tours&catid=60&Itemid=69, assets will increase by $5,000, while the owner’s equity will increase by $5,000. The left side of the T Account shows a debit balance while the Read more…