accounting equation

noun

The fundamental equation of the double-entry bookkeeping system: assets = liabilities + equity.

Meanings

nounaccounting equation (plural accounting equations)

plural accounting equations

Synonyms & antonyms

nounThe fundamental equation of the double-entry bookkeeping system: assets = liabilities + equity.

Cite this entry
APA

accounting equation. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/accounting%20equation

MLA

“accounting equation.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/accounting%20equation. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “accounting equation,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/accounting%20equation.

Source: accounting equation on Wiktionary, CC BY-SA 4.0.