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A balance sheet is created to evaluate the position of a company. And accounting equation plays a major role in the formation of the balance sheet. Making balance sheets is mandatory while studying accounting equation. Students, who are struggling to calculate an annual balance sheet, often seek help from their either peers or professors. Unfortunately, both of them are not always available for guidance. In that case, we have an alternative. Students can avail our accounting equation assignment help to prepare balance sheet perfectly. Alternatively, students can read the following section to understand the fundamental for making a balance sheet:
In order to do a balance sheet, students must comprehend the relationship between the assets, liabilities and owner’s equity of an entity. It showcases what an entity owns (assets) is either funded by what it owes (liabilities) or the money of the owner’s equity (shareholder’s equity). If the relationship is expressed through mathematical equation, then it would look like this -
Assets = liabilities + owner’s equity
This accounting equation is the foundation of double entry bookkeeping system. All transactions and financial reports must have total debits equal to the total credits. Thus, the equation always keeps the balance.
Our experts not only understand the theoretical concept of the accounting equation, but also its applications in business financial statements, income, the investment procedures, petty cash book records, etc. This is why they are competent of writing premier quality academic papers that include sufficient subject knowledge along with practical examples. This is how our accounting equation assignment assistance service has benefitted many.
In order to provide students proper accounting equation assignment writing guidance, our experts have created a balance sheet format. Students can refer to this example and gain required knowledge of creating a balance sheet.
To create a balance sheet, two columns are required for entries of the items. The left column is dedicated to recording all assets along with the total of assets at the end of the column. At the right column, one lists the assets, make a total of it and then add to the owner’s equity. When the sum of the liability and owner’s equity are totaled, it should be equal on both sides.
Liabilities
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Amount
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Assets
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Amount
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Current liabilities
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Current assets
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Bills payable
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Cash in hand
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Bank overdraft
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Cash at bank
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Outstanding expenses
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Bills receivable
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Income received in advance
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Closing stock
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Mortgage loans
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Governments securities
|
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Debentures
|
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Furniture
|
|
Students can always get personalized accounting equation assignment support for crafting balance sheet from scratch from us.
As students often need a helping hand in solving accounting equations, we provide inclusive accounting equation assignment help in the exact form that students require. We have appointed a team of experts, who have done their specialization in accounting equation. Since they are well acquainted with the core areas of the accounting equation, they easily apply their learned knowledge into practice and draft good quality academic papers on any given subject.
As our experts understand double entry bookkeeping is the foundation of the accounting equation, they carefully evaluate an increase in one type of account. Then they simultaneously decrease another one in order to keep the balance.
Again, our experts’ extensive learned knowledge and subject understanding help them create 100 percent accurate original ledgers, balance sheets, income statement, etc. So whenever students need assistance to prepare accounting reports, they can avail our accounting equation assignments help.
As our experts understand the expanded accounting equation, Assets = Liabilities + Initial Capital + Additional Capital – Drawings + (revenue – expenses), they are competent of solving advanced accounting equations easily. Students don’t need to invest time in thinking ‘who can do my assignments perfectly’.
While studying accounting equations as a part of accounting or as specialized subject, students need to solve several types of accounting equations. Firstly, they need to master the concept in order to apply it into practice. Secondly, they need to follow the guidelines to meet the grading criteria. It becomes difficult for students to handle everything at once. This is where they yearn for help with writing accounting equation assignments. Fortunately, our experts have your back. They cover all types of accounting equations when it comes to writing academic papers in this field of study. The following is the list of different accounting equations on which we provide assistance with solving accounting equation assignments:
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We, at MyAssignmenthelp.com, have come up with a brief overview of the Accounting equation definition. To begin with, it is to be mentioned that the accounting equation is considered to be the foundation of the double-entry accounting system.
Accounting equation, based on the double-entry system ensures that the balance sheet remains balanced. In addition, each entry made on the debit side should also have a corresponding entry on the credit side.
If we are to talk about the accounting equation formula, then here’s what you must consider taking a look at prior to using your accounting equation calculator.
Assets = (Liabilities+ Owner’s Equity)
This is the basic accounting equation formula that shall stay with you throughout your journey as a student of accounting and later as a successful accountant.
There are basically four simple steps required to be followed when it comes to implementing the accounting equation formula in an assignment. Here’s how it works. Take a look.
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Q 1: What is an Accounting Equation?
Ans: Here’s what an accounting equation means:
Q 2: What are Assets and Liabilities?
Ans: The balance sheet is divided into two categories- assets and liabilities.
Q 3: What is the basic accounting equation explain with example?
Ans: An accounting equation shows that the total value of assets of a business is equal to its owner’s equity and liabilities. Some people may call it by other names such as balance sheet equation or fundamental accounting equation. The equation looks something like this:
Assets = Liabilities + Owner’s Equity
The equation shows that the resources or assets owned by a company are acquired with funds that are supplied by creditors or owners.
Q 4: Is taking online accounting assignment help reliable?
Ans: Yes, it is absolutely reliable as long as you get help from a reliable company. MyAssignmenthelp.com, for example, is considered reliable by most students. Here’s what makes us more reliable than others:
Q 5: Does MyAssignmenthelp.com have experts in the accounting domain?
Ans: Yes, we have appointed the best experts to take care of your accounting assignments. Here’s how our writers assure the highest quality of your assignments:
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