What is the Accounting Equation? Explaining Assets = Liabilities + Equity
Peak Frameworks
MAY 22, 2023
Importance of the Accounting Equation Role in Financial Statements and Double-Entry Bookkeeping The accounting equation is the foundation of double-entry bookkeeping , a system that records every transaction as both a debit and a credit. For instance, Facebook's initial public offering in 2012 raised $16 billion in contributed capital.
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