goods sold on cash what will be its accounting equation?
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The Accounting Equation, Assets = Liabilities + Owners Equity means that the total assets of the business are always equal to the total liabilities plus the equity of the business. This is true at any time and applies to each transaction
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the accounting equation,Assets=libalities +owners
equity means that the total assets of the business are always equal to the total libalities plus the equity of business.
HOPE YOU UNDERSTAND
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