Question

Prove that,"Accounting Equation holds good under all circumstances." Give atleast two illustrations.​ Answer correct . # Don't spam.​

Answer 1

Explanation:

Accounting equation is

Asset(A)= Liabilities(l)+Equity/Capiral(E)

This equation Is based on double entry principal which shows every debit has equal credit and vice a versa.

Answer 2

Explanation:

Accounting equation signifies that the asset of a business are always equal to the total of capital and liabilities