BizSugar.com › Finance › Assets, Liabilities, Equity: Here\'s How This Equation Works for Small Businesses

When we hear the word equation, some of us cringe with anxiety. We’re sent back to our school days when we were bombarded with theories and calculations that we were convinced we would never use.

But as a business owner, the accounting equation is one that you must understand to be able to gauge the financial health of your business. If you’ve taken a business class, you probably remember that the accounting equation is made up of debits and credits and double entries and … what?