What is the accounting equation? what are all the components of the equations and can you please include examples?

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Accounting equation

There exists a very close relationship between assets, liabilities and net worth. The formula that establishes this relationship between assets, liabilities and net worth is commonly referred to as the Accounting equation. This equation can be referred to as the basic foundation of the double-entry system of accounting. It is a statement of equality between assets and liabilities. The accounting equation reads:
Assets = Liabilities + Owners' equity

The fundamental accounting equation is the back bone of the accounting and reporting system. It is central to understanding a key financial statement known as Balance Sheet. Basically it shows that all the assets are either financed by borrowings / liabilities or are contributed by the owners of the business / shareholders. This equation remains in balance for each transaction and holds at all times over the life of the business. Any accounting transaction has an equal effect on both sides of the equation or offsetting effect on the same side of the equation. The basic purpose of the equation is to arrive at the final component of equity or net worth. It is therefore also ...

Solution Summary

The solution examines the components of the accounting equation. What you can include in examples is given.

An expanded version of theaccountingequation could be:
A + Rev = L + OE - Exp
A - L = Paid-in Capital - Rev - Exp
A + Exp = L + Beginning Paid-in Capital + Rev
A = L + Paid-in Capital - Rev + Exp

How do you fine theequation of a line?
~Find theequation of each line described below. Show all subproblems.
a) The line through points (-1,4) and (2, 1)
b) The line through points (6,3) and (5,5)
c) The line with slope 1/3 through the point (0,5)
d) The line parallel to y= 2x-5 through point (1,7)

WHEN RECORDING A TRANSACTION IN ACCOUNTING FOR A PURCHASE FOR A "VEHICLE" FOR A COMPANY, LIKE A COMPANY TRUCK, IF THE ASSET IS RECORDED AS AN EXPENSE, WHAT DOES THIS DO TO THE BASIC ACCOUNTINGEQUATION AND WHAT DOES IT DO TO INCOME.?

Please help with the following algebra problems. Provide step by step calculations as well as explanations. If possible, provide an additional example.
Theequation of a line is given below. Find the slope of a line that is:
a. Parallel to the line with the given equation.
b. Perpendicular to the line with the given equa

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keywords: 3D, 3Dimensional

Linear Partial Differential Equation (II)
Non- Homogeneous Linear Partial Differential Equation with Constant Coefficients
Problem: Find the solution of theequation (D2 - D'2 + D -