Question

what is the formula of accounting equation​

Answer 1

Answer:

accountingg equation formula

total aassets = total liabilities + total equality

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Answer 2

Answer:

Also known as the balance sheet equation, the accounting equation formula is Assets = Liabilities + Equity.

This equation should be supported by the information on a company’s balance sheet. The Accounting Equation is the foundation of double-entry accounting because it displays that all assets are financed by borrowing money or paying with the money of the business’s shareholders.

The balance sheet is a more detailed and complex display of the accounting equation. It shows that the total assets of a business are equal to the total liabilities and shareholder equity. In other words, all uses of capital (assets) are equal to all sources of capital (debt: liabilities and equity).

Explanation:

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