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Bookkeeping Concepts

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Accounting Equation (Outline)

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Read our Explanation (11 Parts) free

Our Explanation of Accounting Equation (or bookkeeping equation) illustrates how the double-entry system keeps the accounting equation in balance. You will see how the revenues and expenses on the income statement are connected to the stockholders' equity on the balance sheet.

Review our Q&A free

We've answered 66 popular questions related to the topic Accounting Equation. Review them all or use the search box found at the top of each page of our website for your specific questions.

Solve our Crossword Puzzle free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Accounting Equation in a more fun format.

Take our Practice Quiz free

This 20-question quiz is a fast way to assess your understanding of the Accounting Equation Explanation.

Review our Visual Tutorial

Our visual tutorial for the topic Accounting Equation shows how the double-entry system keeps the accounting equation in balance. It also lets you see the connection between the income statement and the balance sheet. A 20-question quiz at the end reinforces the key parts of the tutorial.

Review our Flashcards

Our flashcards for the topic Accounting Equation will help you master key terms and definitions. You can view them on any device or print them out.

Review our Cheat Sheet

Our Accounting Equation Cheat Sheet provides eight transactions to illustrate why and how the accounting equation remains in balance.