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ACC/205 ACC205 ACC 205 Week 1 Discussion 1

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ACC 205 Week 1 Discussion 1 : Accounting Equation As you have learned in this week’s readings, the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. Guided Response: Review several of your peers’ posts and identify some core components that you feel should be included in every transaction. Respond to at least two of your peers and provide recommendations to extend their thinking. Challenge your peers by asking a question that may cause them to reevaluate or add components to their transactions. Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread

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