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.

Part 1Introduction to the Accounting Equation
Part 2Accounting Equation for a Sole Proprietorship: Transactions 1–2
Part 3Accounting Equation for a Sole Proprietorship: Transactions 3–4
Part 4Accounting Equation for a Sole Proprietorship: Transactions 5–6
Part 5Accounting Equation for a Sole Proprietorship: Transactions 7–8
Part 6Calculating a Missing Amount within Owner's Equity
Part 7Accounting Equation for a Corporation: Transactions C1–C2
Part 8Accounting Equation for a Corporation: Transactions C3–C4
Part 9Accounting Equation for a Corporation: Transactions C5–C6
Part 10Accounting Equation for a Corporation: Transactions C7–C8
Part 11Expanded Accounting Equation for a Sole Proprietorship, Expanded Accounting Equation for a Corporation
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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.

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We've answered 65 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.

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

Review our Cheat Sheet

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

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