The 4 chromosome is so small, constituting only about 5% of the total genome, that, for all practical purposes, it can be ignored. Thus, almost the entire genetic content of the. Drosophila genome resides on only three chromosomes: X, 2, and 3.
The accounting equation can be expressed in 3 ways: Assets = Liabilities + Ownersâ Equity. Liabilities = Assets â Ownersâ Equity. Ownersâ Equity = Assets â Liabilities. If you know any two of the amounts you can calculate the third. Business Transactions occur on a daily basis as a result of doing business.
In essence, the accounting equation is: Assets = Liabilities + Shareholders' Equity. The assets in the accounting equation are the resources that a company has available for its use, such as cash, accounts receivable, fixed assets, and inventory.he reason why the accounting equation is so important is that is always true-and it forms the basis for all accounting transactions. At a general level, this means that whenever there is a recordable transaction, the choices for recording it all involve keeping the accounting equation in balance.