The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

David Lavie is a writer and editor with two decades' experience in marketing communications, equity research and publishing. He is a founding partner in Quartet Communications, where, as Head of ...

Microsoft Excel is a widely used spreadsheet program that can use formulas to compute and display values. When your small business is taking out a loan, you need to know how much of each loan payment ...