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.
This 20-question quiz is a fast way to assess your understanding of the Accounting Equation Explanation.
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.
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.
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.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Accounting Equation in a more fun format.
Our Accounting Equation Cheat Sheet provides eight transactions to illustrate why and how the accounting equation remains in balance.
This graded 30-question test measures your understanding of the topic Accounting Equation. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.
We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, Financial Ratios, Bank Reconciliation, and Payroll Accounting. Click here to learn more.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.
