How long does a company obliged to prepare accounts in accordance with the German Commercial Code (HGB) have to keep an opening balance sheet? What are accounts receivable ? What does the active or  active or active person inform about?  Liabilities side of a balance sheet?  How can I determine the annual result in the balance sheet?

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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