Accounting equation is an expression of ........

Principles of Accounting & Financial Management Concepts of Accounting

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Accounting equation is an expression of:

Money measurement concept

Dual aspect concept

Going concern concept

Matching concept

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Explanation:

The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.

This straightforward relationship between assets, liabilities, and equity is considered to be the foundation of the double-entry accounting system. The accounting equation ensures that the balance sheet remains balanced. That is, each entry made on the debit side has a corresponding entry (or coverage) on the credit side.

The accounting equation is also called the basic accounting equation or the balance sheet equation.