Accounting Equation – Revision Guide

Accounting Equation – Revision Guide

Understand the accounting equation before you start practising it.

This clear, beginner-friendly revision guide explains the key concepts behind the accounting equation and helps you understand why every transaction keeps the equation in balance.

Designed for accounting and bookkeeping beginners, the guide brings the essential rules together in one easy-to-review resource — ideal for learning the topic for the first time or refreshing your knowledge before attempting practice questions.

Inside the guide:

• The accounting equation explained clearly

• Assets, liabilities and capital explained

• How to rearrange the accounting equation

• The expanded accounting equation

• How revenue, expenses and drawings affect capital

• How common business transactions affect the equation

• Current and non-current assets and liabilities

• The connection between the accounting equation and financial statements

• The connection between the accounting equation and double-entry bookkeeping

  
  

Want to test what you've learned?

Continue with Accounting Equation – 25 Practice Questions + Worked Answers to test your understanding and see detailed explanations for the answers.

Then move on to the Accounting Equation – Excel Practice Workbook to apply the accounting equation to practical business transactions in Excel.

Want all three?

Choose the Accounting Equation Bundle and get:

Revision Guide + 25 Practice Questions & Worked Answers + Excel Practice Workbook

You'll get the complete learning journey — learn the concepts, test your knowledge, then practise applying them in Excel — while saving compared with purchasing each resource separately.

Format: Digital PDF download

Level: Beginner / Foundational Accounting