How to do basic accounting equation? 1.19K viewsAccounting 0 Fidler 0 Comments Do you know what is the basic accounting equation? I am trying to learn the double entry system but I can’t find the basic accounting equation. 1 Answer ActiveVotedNewestOldest 0 Outlaw Posted 0 Comments Hi, The basic accounting equation is : Assets = Liabilities + Capital which can be further broken down as follows: Assets= Liabilities+ Equity + Profit and loss Account+ Other Reserves. You are viewing 1 out of 1 answers, click here to view all answers. Register or Login Search for: