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This book is dedicated to my Principles of Accounts students. In this book, I aim to simplify the concept of the accounting equation and its components (assets, liabilities and capital). Please enjoy!

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What is the accounting equation?

Before we can answer this question, we must first understand three very important concepts; assets, liabilities and capital.

Assets - Resources the business owns

Liabilities - Money the business owes to other businesses and organizations

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"Exploring the Accounting Equation"

Stacia Franklyn

An introduction to the accounting equation and its components: assets, liabilities, and capital.

(11 pages)

Privacy level: PUBLIC

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"Exploring the Accounting Equation"

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