How to do basic accounting equation? 651 viewsDecember 4, 2012Accounting 0 Fidler December 2, 2012 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 December 2, 2012 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:
