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How is the accounting equation affected. Use a watch or clock to time yourself for this exercise. For purposes of exams and testing its important to make sure you not only get the questions right but are completing them at the right speed.

Introduce the Accounting equation talk about keeping it balanced. 25 Short Questions and Answers-Accounting Cycle With PDF by admin. Its going to help you get a brief idea of the accounting equation.

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The funds owned by the company are called assets. In order to carry out business activities the company needs funds. Part of these assets is provided by the owner total amount of funds contributed by him is called owners equity or capital.

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