# accounting equation in a sentence

1) Make sure the accounting equation remains in balance.

2) The accounting equation and the balance sheet 4.

3) The accounting equation serves as an error detection tool.

## accounting equation example sentences

4) The income statement represents the basic accounting equation . ____ 51.

5) Transactions and the accounting equation . 2.

6) This is how the above transactions effect the accounting equation .

7) Which of the following is the fundamental accounting equation ?

8) List and define each part of the accounting equation . 4.

9) Explain how the additional money will affect the accounting equation .

10) Required a. Record the above transactions in an accounting equation .

11) The accounting equation is the backbone of the accounting and reporting system.

12) The accounting equation remains in balance.

13) Double-entry bookkeeping is governed by the accounting equation .

14) Transaction 10 illustrates the impact of a withdrawal on the accounting equation .

15) Identify parts of the accounting equation .

### use accountingequation in a sentence

16) Make sure the accounting equation is in balance after each transaction. 1.

17) Importantly, no transaction will upset the balance of the accounting equation .

18) The balance sheet reflects the accounting equation at the end of the period.

19) Analyze 72 Explain the mathematical operations used to solve for the accounting equation .

20) Demonstrate the effects of transactions on the accounting equation . 5. 6.

21) A company's balance sheet is set up like the basic accounting equation shown above.

22) The transactions that follow are shown as they would appear in the accounting equation .

23) The accounting equation is a statement of equality between the debits and the credits.

24) B. Business transactions, the accounting equation , and the financial statements. 1.

25) This is also accomplished using the accounting equation : Equity = Assets − Liabilities.

26) Analyze 68 Design a diagram that shows the accounting equation for Wilderness Rentals.

27) Performance Element: Analyze financial information to demonstrate an understanding of the accounting equation .

28) The balances listed on this worksheet are listed in the order of the accounting equation .

#### How to use accountingequation in a sentence

29) Check the balance of the accounting equation after a business transaction has been analyzed and recorded.

30) The accounting equation (or business equation) states that total assets equal total liabilities plus equity.

31) To understand the financial condition of any business, you must first understand the accounting equation .

32) The fundamental accounting equation .

33) Under this approach transactions are recorded based on the accounting equation , i.e., Assets = Liabilities + Capital.

34) The accounting equation , however, is used extensively in the analysis necessary to prepare the statement of cash flows.

35) H Proving the Equality of the Balance Sheet Recall that the basic accounting equation must always be in balance.

36) The totals show the net effect on the accounting equation and the double-entry principle, where the transactions are balanced.

37) There is a long-standing fundamental accounting equation that is core to the overall reporting model: Assets = Liabilities + Equity.

38) This financial sustainability must be defined in real terms; we therefore will adjust our accounting equation to reflect the desired result.

39) The author describes the fundamental accounting equation and explains its relationship to the economic events that are reflected in the financial statements.

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