Question

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can anyone tell me what is meaning of accounting equations

Answer 1

Accounting equation is the relationship between liabilities, and owner's equity of a person or business. It is the foundation for the double-entry bookkeeping system.

Answer 2

Accounting equation is also known as the balance sheet equation , represents the relationship between assets , liabilities and owner's equity of a person or bussiness.It is the foundation for the double entry bookkeeping system.

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