Question

what do yo mean by accounting equation​

Answer 1

question

• what do yo mean by accounting equation

Answer

• The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance that a company's total assets are equal to the sum of the company's liabilities and shareholders' equity. ... The liabilities represent their obligations.

Answer 2

Answer:

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The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance that a company's total assets are equal to the sum of the company's liabilities and shareholders' equity.The liabilities represent their obligations.