The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

The deep-discount chain has gained momentum the last year, its low-priced offerings growing more popular in a softening economy. But as the heat rises in Wall Street's summer of accounting scandal ...

Components of the Expanded Accounting Equation. Each component of the expanded accounting equation – assets, liabilities, owner's capital, revenues, expenses and withdrawals or dividends ...