Balance Sheet, Income Statement, Accounting Equation Relationship

How the accounting equation (assets = liabilities + stockholders equity + net income) maintains a balance thru debits and credits, shown is an accounting balance sheet and income statement template with T accounts (debits and credits) for the basic accounts, demonstrates that in accounting every credit requires a debit (plus minus of debit credit can changes depending what side of equation it on), good reference for those students taking their first accounting course to have a clear understanding for balancing accounting journal entries (T accounts), includes the flow of debit and credit amounts from the balance sheet accounts (assets and liabilities) to revenues and expense accounts accumulated in the income statement, then closed to the income summary account and back to the balance sheet, after understanding the balance that is required by the accounting equation a student can check accounting homework problems to see they have the proper debits and credits by Allen Mursau