The Accounting Equations Every Business Owner Should Know

Adshil & Co13 Jul, 2022Finance

The Accounting equation is one of the most important elements of a business?s balance sheet. It is a basic principle of accounting and a fundamental element of the balance sheet. Accounting equation represents the relationship between the assets, liabilities & capital of a business. It also describes that the total value of assets of a business entity is always equal to its liabilities plus owner?s equity.