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How can you explain the basic accounting equation?

How can you explain the basic accounting equation?

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Question added by Mohammed Aijaz Ahmed , Accountant , Quba Foams & Furnishing
Date Posted: 2017/12/12
Mohana Krishnan
by Mohana Krishnan , Financial Controller , Miracle Motors Company Limited

Accounting Equations => Assets = Liabilities + Capital

 

All the assets (Including losses and expenses if any i.e Debit) are being originated or funded by a liability or capital (Including Reserves and surplus[Profit] and income if any i.e credit)

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