Accountancy, asked by princymishra2004p, 6 months ago

Accounting equation signifies:

capital of a business is equal to assets

Assets of a business are equal to liabilities.

Liabilities of a business are equal to capital.

Assets of a business are always equal to the total of capital and liabilities

Answers

Answered by priyankapandit223

3

ASSETS OF A BUSINESS ARE ALWAYS EQUAL TO THE TOTAL OF CAPITAL AND LIABILITIES !

Accounting Equation or Balance Sheet Equation proves this -

ASSETS = CAPITAL + LIABILITIES

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