Accountancy, asked by dhanyavgood94, 11 months ago

accounting equation is developed with which accounting concept?

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Answered by rahul882616

2

Answer:

Accounting Equation Definition. Accounting Equation is based on the double-entry bookkeeping system, which means that all assets should be equal to all liabilities in the book of accounts. All the entries which are made to the debit side of a balance sheet should have a corresponding credit entry in the balance sheet.

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