Balance Sheet Equation

accounting

Description

what is the balance sheet equation?

Balance Sheet Equation


The “balance sheet equation” is the most essential, central piece of bookkeeping. This

equation forms the building obstructs for the whole twofold section accounting framework. It is a

monetary explanation that condenses an organization's advantages, liabilities, and shareholders

value at a particular point in time. These three balance sheet sections give financial specialists a

thought concerning what the organization claims and owes and also the sum contributed by

shareholders (course, 2016). In its most essential frame, the balance sheet equation

demonstrates what an organization claims.


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