Homework Problems Solved: Accounting Equation Transaction Analysis

In this video, we’ll review how to fill out a Transaction Analysis form. These forms display the accounting equation (Assets = Liabilities + Equity) and are used to track individual transactions as well as account totals and account type totals. See the image below for the examples covered in this video.

Video length in minutes: 12:19

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Test Your Skills: Accounting Equation

Practice tests for the Accounting Equation. Test your skills!

The Accounting Equation (Assets = Liabilities + Equity) is used throughout accounting and is the information on the Balance Sheet. Test your understanding of the Accounting Equation with these test questions. These questions are designed to help you learn the Accounting Equation, but also to show you how the Accounting Equation is tested using multiple choice questions.

54 Questions

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