Daily Archives: February 3, 2021

Accounting Equation Assets, Liabilities, Owners Equity

Posted on February 3, 2021 by thomascarlos

If assets increase, either liabilities or owner’s equity must increase to balance out the equation. The balance of the total assets after considering all of the above transactions amounts to $36,450. It is equal to the combined balance of total … Continue reading →

Posted in Bookkeeping | Leave a comment