# Accounting equation

> Accounting equation — Assets = liabilities + equity. True after every single entry, not just at period end.

Source: https://lopifi.com/glossary/accounting-equation
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is accounting equation?** In accounting, accounting equation means assets = liabilities + equity. True after every single entry, not just at period end.

## Words this system refuses for it

- balance sheet formula

- **Category:** Foundations
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** equity, period