The accounting equation is assets = liabilities + owner's equity. Accountants use this equation every day to determine how certain accounts affect a company's balance sheet or income statement. A ...

T he expanded accounting equation builds upon the basic accounting equation's use of assets, ... These include cash, ...

What Is the Effect on a Fundamental Accounting Equation if Supplies Are ... You credit cash to record the disbursement of funds in payment of the debt and debit the accounts payable account.

Superintendents from Bedford, Shaker Heights, Richmond Heights and Warrensville Heights joined a roundtable to talk about their concerns with 3News' Danielle Wiggins ...