When it comes to accounting, you need to make sure what you have in assets balances with your liabilities and owner equity. To do that, you use the accounting equation.

This causes $500 to be deducted from the cash account, which occupies the assets side of the equation. At the same time, $500 is deducted from notes payable, which represents part of the ...

Growth accounting is a quantitative tool used to break down how specific factors contribute to total GDP growth. The growth accounting equation primarily looks at three factors: labor, capital ...