1. What do you mean by Accounting Equation ?
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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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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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