Accountancy, asked by pritam7446, 7 months ago

Give fundamental accounting equation?

Answers

Answered by mishbahul2005

Answer:

The four financial statements are all based on a mathematical equation, which states that the dollar value of a company's assets equals the dollar value of its liabilities plus the dollar value of its shareholders' equity. In fact, the balance sheet is a statement of this equation.

Explanation:

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