Accountancy, asked by srishtiyadav0011, 8 months ago

format of asset account​

Answers

Answered by bhoomi5542
2

Answer:

Asset accounts have a debit balance and represent the resources a company has at its disposal. Liability accounts have a credit balance and represent the money that a company owes to other entities. Equity accounts also have a credit balance and they represent the owners' stake in the company.

Explanation:

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