Question

Give examples of accounting equations transactions.​

Answer 1

What is accounting equation with example?

Liabilities = Assets – Owner's equity. = $60,000 – $40,000. = $20,000. The basic accounting equation is: Assets = Liabilities + Owner's equity. If liabilities plus owner's equity is equal to $150,000, the assets must also be equal to $150,000.

Answer 2

Answer:

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Explanation:

Refer to the attachment !