Question

what is accounting equation? explain with one example.​

Answer 1

Answer:

The equation is as follows:

Assets = Liabilities + Shareholder's Equity. This equation sets the foundation of double-entry accounting and highlights the structure of the balance sheet. Double-entry accounting is a system where every transaction affects both sides of the accounting equation.

Explanation:

Hope this helps you and pls mark me as brainliest.

Answer 2

Answer:

The equation is as follows:

Assets = Liabilities + Shareholder's Equity.

This equation sets the foundation of double-entry accounting and highlights the structure of the balance sheet. Double-entry accounting is a system where every transaction affects both sides of the accounting equation.