Accountancy, asked by guptamanika26, 15 days ago

Accounting equation holds good in all circumstances

Answers

Answered by ronasararenji

0

Answer:

Accounting equation signifies that the asset of a business are always equal to the total of capital and liabilities. A business transaction will result in the change in either of the asset,liabilities or capital of the firm and even after the change the asset will be again equal to the total of capital and liabilities.

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