Question

Studypoolt asfalSeone
Q3 March the foldwing Account with
thein nature :
(2) Equipment
(A)
Liabilities
C (2) Capital 2 (B) Assets
(3) Creditor's (o Owner's equity​

Answer 1

Answer:

The basic accounting equation, also called as the balance sheet equation, represents the relationship between the assets, liabilities and capital of a business. It is the foundation for the double entry book-keeping system. For each transaction, the total debit equals the total credit. Following is the accounting equation:

Asset = Liability + Capital.