accounting equation

Definition

Accounting

• noun the basic formula that underpins double-entry bookkeeping. It can be expressed most simply as ‘assets + expenses = liabilities + capital + revenue’ where the debit amounts to the left of the equals sign must be equivalent to the credit amounts to the right.

Nearby Definitions of “accounting equation”

• account
• account executive
• accountability
• accountable
• accounting concept
• accounting equation
• accounting period
• accretion
• accrual
• accrued interest
• accumulation

Contexts for “accounting equation”

1 definition in context
• Accounting