FINANCIAL ACCOUNTING:TOOLS FOR BUS/DEC
FINANCIAL ACCOUNTING:TOOLS FOR BUS/DEC
9th Edition
ISBN: 9781119712282
Author: Kimmel
Publisher: WILEY
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Chapter 1, Problem 14Q
To determine

Basic accounting equation

Basic accounting equation refers to the relationship that exist among the primary constituents of balance sheet, those are the assets, the liabilities and the stockholders’ equities, depicted in the form of the mathematical equation. The accounting equation remains always in balance. It is also known as balance sheet equation.

To identify: The basic accounting equation.

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