accounting equation

noun

Definition of accounting equation

1 : the equality of debits and credits as used in the double-entry system
2 : a statement of net worth as equal to assets minus liabilities

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

First Known Use of accounting equation

1911, in the meaning defined at sense 1

Keep scrolling for more

Learn More About accounting equation

Time Traveler for accounting equation

Time Traveler

The first known use of accounting equation was in 1911

See more words from the same year

Dictionary Entries Near accounting equation

accounting

accounting equation

accounting machine

See More Nearby Entries 

Statistics for accounting equation

Cite this Entry

“Accounting equation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/accounting%20equation. Accessed 25 May. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Eponyms: Words Named After People

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!