The accounting equation Assets = Liabilities + Equity is a fundamental business concept a. Explain what this equation reveals about a company’s sources and uses of funds and the claims on company resources. b. Describe a decision that requires financ
Content ACCOUNTING CHAPTER 1 Additional Resources Accounting – Unit 2 Transaction 4 Double Entry Accounting System: Journal Entry (Debits and Credits) Double entry bookkeeping system Boundless Business Adding up the sum of liabilities and the total owners/shareholders equity, which will equal the sum of the assets. To further illustrate the analysis of transactions and their…