no change to the bottom line

in order to pay the liability, you lower cash an equal amount

 

Resolution for 'accounting equation issue: 'what would be impact on accounting equation / Balance sheet when long term liability paid against assets' available: Yes.

The accounting equation issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the accounting equation issue yourself by looking for a resolution described in the article. If it is a complex accounting equation issue or you are unable to solve the issue, you may contact us by clicking here or by using other accounting equation support options.

For more information about resolving issues related to accounting equation in Quickbooks/QBO or to get support for the issue 'what would be impact on accounting equation / Balance sheet when long term liability paid against assets', click the link below: