The Accounting Equation Summary, Assets, Liabilities

Content Accounting Equation What is the Expanded Accounting Equation? Buy Inventory on Credit What are the 3 elements of the accounting equation? Rearranging the Accounting Equation Accounting Equation Formula and Calculation Costs are obligations that a business needs to pay, including rent, taxes, utilities, salaries, wages, and dividends payable. The goal of the accounting equation is to ensure that a …