Accountant's Equation

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Accountant's Equation

Description and Definition of Accountant's Equation

Accountant's Equation is the equation which is the basis of a balance sheet. It is as follows: Assets = Liabilities + Owners' Equity.

Resources

See Also

Further Reading

Related Entries in the American Tax Encyclopedia:

  1. Forensic Accountant
  2. Certified Public Accountant
  3. Current Liabilities
  4. Realistic Possibility Standard
  5. Long-Term Liabilities
  6. Net Worth
  7. Adjustment
  8. American Institute of Certified Public Accountants
  9. Credit
  10. At-risk Rules
  11. Federal Tax Law Research
  12. Net Income
  13. Balance Sheet
  14. Capital
  15. American Federal Tax Reports
  16. Active Income
  17. Investment Interest Expense
  18. Ordinary Income
  19. Accounting Method
  20. Taxes
  21. Involuntary Conversion
  22. Blind
  23. Moving Expenses
  24. Scholarship
  25. Acquisition Debt

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