Accountancy, asked by advsanjaychandak, 1 year ago

Prove that ACCOUNTING EQUATION holds good under all circumstances.Give two illustrations.​

Answers

Answered by yugrajsahi
3

Hiii mate

Good morning ❤❤❤

Here's ur answer

Accounting equation signifies that

Assets =liabilities +capital

A business transaction will result in the change in either of assets, liabilities or capital of firm and even after change the assets will be equal to capital +liabilities.

If business transaction results in increase of assets, there will also be a corresponding increase in amount of capital and liabilities.

EXAMPLE:

Gopal Started business with cash 30,000

Cash= liabilities +capital

30,000=30,000

Hope it helps uh

Thnq

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Answered by arpit281
2

hey ...... kya hua tujhe???

block kyun Kar

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