Accounting Equation Balancing Examples Help

Accounting Equation Balancing Examples, Concepts, Illustrations, Sample Help Online

 
Looking for Accounting Equation Balancing Examples, Concepts, Illustrations, Samples to do your assignment, homework or project you are at correct place.
 

What is Accounting Equation?

 
Accounting equation is based on dual aspect concept that is Debit and Credit.It emphasizes on the fact that every transaction has a two-sided effect that is the assets and claims on assets. Always the total claims (those of outsiders and of the proprietors) will be equal to the total assets of the business concern. The claims are also known as equities. They are of two types
 
i. Owner’s equity (Capital);
ii. Outsiders’ equity (Liabilities).
 
Assets = Equities
Assets = Capital + Liabilities (A = C+L)
Capital = Assets – Liabilities (C = A–L)
Liabilities = Assets – Capital (L = A–C)
 

Services We Offer

Features

Features for Accounting Assignment Help Services

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to assignmentconsultancy.help@gmail.com or chat with our representative using live chat shown in bottom right corner.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Our Clients

Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.

Testimonials

Our Testimonials

Yash Batra, Student , UK University

“Great Experts to provide real time Accounts help services. They are just best in their approach”

Reham Fayad, Student MBA, USA

“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”

Graham Golith, Lancashire University, UK

“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”


 

Accounting Equation Balancing Examples

 
Let us understand the effect of a transaction on the Accounting equation with the help of illustrations.
 
Illustration 1
 
If the capital of a business is $300000 and other liabilities are $200000. Calculate the total assets of the business.
 
Solution
Assets = Capital + Liabilities
Capital + Liabilities = Assets
$300000 + $200000 = Rs.500000
 
Illustration 2
 
If the total assets of a business are $360000 and capital is $200000
calculate liabilities.
 
Solution
Assets = Capital + Liabilities
Liabilities = Assets – Capital
Assets – Capital = Liabilities
$360000 – $200000= $160000
 
Looking for similar Accounting Equation Balancing Examples type assignment help, click here . You can visit us for more examples here.
 

Summary