The accounting equation defines a company’s total assets as the sum of its liabilities and shareholders’ equity. It's the foundation of the double-entry accounting system.

What Is the Effect on a Fundamental Accounting Equation if Supplies Are Purchased on an Account?. ... you must prepare a journal entry that contains one debit and one credit.

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

After exploring the impacts of technologies such as AI and blockchain in Part 1 of their conversation (see “Paving the Way to a New Digital World,” JofA, June 2018), the panel of accounting technology ...

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.