Question

What is the accounting equation?

Answer 1

The accounting equation following three sections
ASSETS:
An asset is accurately controlled by an organization. Assets are means of the company, and Beneficial to deliver gains or help. Assets may be current or not current (Fi(ed).Present assets are Helpful for one annual or one accounting cycle, noncurrent assets are Helpful for more than one.

Liability:

The stocks held by the entry Liabiles may be current or lengthy-term experiences Current liability is cleared in one year or one accounting cycle, but longterm are made In a duration exceeding one year

Stockholders' Equity:

Current stock is one of the parts in the stockholders. equity stock assigned to the investors for the value obtained of them
Retained are one of the parts In the stockholders. equality in extension to the current stock. It is the result held by the entity by accumulating previous years' undistributed profits earned

Accounting equation:

Assets = liabilites + Stockholder's Equity