Question

Wrong accounting equation?

Answer 1

Answer:

At all times, both sides of the accounting equation should balance out. In other words, if your business's assets total $200,000, the sum of its liabilities plus owner's equity should also be $200,000. If not, something is wrong with the math or has been entered incorrectly

Answer 2

Answer:

The fundamental accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a person or business. It is the foundation for the double-entry bookkeeping system. For each transaction, the total debits equal the total credits.

hope it helps you mate