Indicate whether it is an increase (+), decrease (-), or no effect on the asset, liabilities and equity accounts. Assets    Liabilities   Equity    1. Investment of cash in the business 2. Purchase of computer equipment for cash 3. Billed a customer for services rendered

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is