Accountancy, asked by rajanisanthosh024, 6 months ago

14. Write the accounting equation

Answers

Answered by THELEGENDKINGDOM

1

Answer:

Explanation:

What is the basic accounting equation?

Assets = Liabilities + Equity.

Liabilities = Assets – Equity.

Equity = Assets – Liabilities.

Assets = Liabilities + Owner's Equity + Revenue – Expenses – Draws.

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