Accountancy, asked by mihiy, 11 months ago

1. What do you mean by Accounting Equation ?​

Answers

Answered by suchitgiri276
4

Answer:

The fundamental accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a person or business. It is the foundation for the double-entry bookkeeping system.♥️♥️♥️⭕⭕✔️✔️☺️☺️‼️‼️


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Answered by Darkblaze123
4

HEY MATE

The fundamental accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a person or business. It is the foundation for the double-entry bookkeeping system.

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