Question

explain the accounting principle which relates to the accounting equation​

Answer 1

Answer:

C+L=A, this is the accounting equation.

C=capital,L=liability and A=assets

capital mean what the owner brought into the business, liabilities mean money brought from creditors and assets are the long-term benifitable properties or machinery. Hope this helps you!

Answer 2

Answer:

C+L=A this is accounting equation. c=capital means what the owner brought into the business,L=libilities means money brought from creditors and A=assets mean the long term benifitable properties or machinery.