ACCOUNTING EQUATION ( E X P A N D E D )

A - L = O E 

*

(NCA + CA) -(NCL + CL) = O E  

**

(NCA + CA) -(NCL + CL) = (CAPITAL +PROFIT -DRAWINGS)

***
*Owners' Equity 

(NCA + CA) -(NCL + CL) = (CAPITAL +(INCOME-EXPENSE) -DRAWINGS)

*Shareholders' Equity
(NCA + CA) -(NCL + CL) = (ISSUED CAPITAL +(INCOME-EXPENSE) -DIVIDENDS)