Question

basic formula of accounting eqestion​

Answer 1

The accounting equation whereby assets = liabilities + shareholders' equity is calculated as follows: Accounting equation = $163,659 (total liabilities) + $198,938 (equity) equals $362,597, (which equals the total assets for the period)

Answer 2

Answer:

basic formula of accounting equation.

Explanation:

the accounting equation whereby assets=liablities+shareholder's equity is calculated as follows:Accounting equation =$163,659(total liablities )+$ 198,938( equality) equals $ 362,597( which equals the total assets for the period)