Learn about the accounting equation. Understand what the accounting equation is, learn the elements of the basic accounting equation, and see examples.

What is the basic accounting equation formula? The basic accounting equation formula shows the relationship between assets, liabilities, and owner's equity.

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Accounting is the act of collecting, organizing, and interpreting financial data. The basic accounting equation, or ALOE, shows the relationship between assets, liabilities, and owner's equity.

Performing services on account will have the following effects on the components of the basic accounting equation: (a) increase assets and decrease stockholders' equity.

Discover the fundamentals of accounting equations with our overview video lesson. Watch now to master its formula and see clear examples, followed by a quiz.

Learn about the accounting equation. Understand what the accounting equation is, learn the elements of the basic accounting equation, and see examples.

Accounting Equation: Each time that a journal entry is posted and the accounts are updated the accounting equation is impacted. The accounts that are associated with the accounting equation can …

What are the basic terms used in accounting? The most basic terms are asset, liability, and equity. It is also important to know about debits, credits, double-entry accounting, and cash flow.

Test your knowledge of adding revenues, expenses, and dividends with the accounting equation with an interactive quiz and printable worksheet....