Understanding the Accounting Equation: Assets = Liabilities + Equity
The accounting equation is like a financial GPS. It helps you see where your money is coming from, where it’s going, and how much truly belongs to you.
The accounting equation is like a financial GPS. It helps you see where your money is coming from, where it’s going, and how much truly belongs to you.
Accounting is the process of recording, summarizing, and analyzing financial transactions. It helps you understand how money is being earned and spent.