What is the accounting equation. How can we make the same.
Rohan Adhalakha (Finance Executive ) (53 Points)
22 March 2010What is the accounting equation. How can we make the same.
CA Anurag Garg
(Chartered Accountant)
(339 Points)
Replied 23 March 2010
yes its E+L=A
where E= Equity
L= Liability
n A= Assets
its based on double entry
Rohan Adhalakha
(Finance Executive )
(53 Points)
Replied 23 March 2010
Thanks for the help. I have also visited one of the sites which gave an insight to the accounting equation. You might also want to have a look. https://www.simple-abc.com\
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