Difference between revisions of "Accounting Equation"

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(Created page with " Assets = Liabilities + Equity ---- Therefore: {| class="wikitable" |+All asset accounts   =   All liability accounts   +   All equity accounts |- ! scop...")
 
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|Increases
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|Decreases
|Decreases <br> <br> '''Normal <br> Balance'''
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|Increases <br> <br> '''Normal <br> Balance'''
 
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|Increases
+
|Decreases
|Decreases <br> <br> '''Normal <br> Balance'''
+
|Increases <br> <br> '''Normal <br> Balance'''
 
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Revision as of 00:24, 8 February 2016

Assets = Liabilities + Equity


Therefore:

All asset accounts   =   All liability accounts   +   All equity accounts
Dr Cr Dr Cr Dr Cr
Increases

Normal
Balance
Decreases Decreases Increases

Normal
Balance
Decreases Increases

Normal
Balance