Question

the basic accounting equation is
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Answer 1

Explanation:

The accounting equation is a basic principle of accounting and a fundamental element of the balance sheet. Assets = Liabilities + Equity. The equation is as follows: Assets = Liabilities + Shareholder's Equity. This equation sets the foundation of double-entry accounting and highlights the structure of the balance

Answer 2

Answer:

the basic accounting equation is a basic principle of accounting and a fundamental element of the balance sheet. Assets = liability + equity. the equation is as follows Assets = liabilities + shareholder's equity. this equation sets the foundation of double entry accounting and highlits the structure of the balance....

Explanation:

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