What Is the Accounting Equation, and How Do You Calculate It?

Content Transaction 7: Liabilities Transaction 6: Multiple Choice Questions 2.2 Transaction 4: Rearranging the Accounting Equation Frequently Asked Questions Buying the new office equipment will increase the assets and hence should be debited. As this liability is paid out through cash, it’ll reduce the cash asset. What is the basic accounting equation formula? The basic … Read more