Question

Basis,accounting system and accounting equation

Answer 1

Step-by-step explanation:

The balance sheet holds the basis of the accounting equation: ... Total all liabilities, which should be a separate listing on the balance sheet. Locate total shareholder's equity and add the number to total liabilities. Total assets will equal the sum of liabilities and total equity.

Answer 2

Answer:

hope it will help you

Step-by-step explanation:

The balance sheet holds the basis of the accounting equation: ... Total all liabilities, which should be a separate listing on the balance sheet. Locate total shareholder's equity and add the number to total liabilities. Total assets will equal the sum of liabilities and total equity.