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View Full Version : assets = liabilities + owner's equity why?


banna91
Feb 12, 2013, 08:08 AM
the basic accounting equation is
assets = liabilities + owner's equity
why??
and how this equation came out??
I have my accounting theory professor asking me this question ?
and he said that the answer can be given by doing a road map?
so if you can help me because

JudyKayTee
Feb 12, 2013, 09:02 AM
Your Professor and AMHD have the same policy - you need to at least attempt to do your own homework.

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