Accountancy, asked by irfankhan3441681, 7 months ago

analyze the transaction in term of their effect upon accounting equation​

Answers

Answered by mahek6827
1

Answer:

The accounting equation (Assets = Liabilities + Owner's Equity) must remain in balance after every transaction is recorded, so accountants must analyze each transaction to determine how it affects owner's equity and the different types of assets and liabilities before recording the transaction.

Explanation:

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