Question

give fundantal accounting equation
​

Answer 1

Answer:

The fundamental accounting equation is assets= capital + liabilities. ... Revenues lead to increase in assets or capital while expenses reduce assets and may also create liability. Revenue and expenses, therefore, are the reasons for stability and soundness of the balance sheet.

Answer 2

Answer:

The fundamental accounting equation is assets= capital + liabilities. ... Revenues lead to increase in assets or capital while expenses reduce assets and may also create liability. Revenue and expenses, therefore, are the reasons for stability and soundness of the balance sheet.

Explanation:

Hope it will help you