Explain in short the meaning of an Accounting Equation
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Explanation:
The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity. This straightforward number on a company balance sheet is considered to be the foundation of the double-entry accounting system.
Answered by
1
Explanation:
The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity. This straightforward number on a company balance sheet is considered to be the foundation of the double-entry accounting system
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