Question

what are accounting equation?

Answer 1

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The equation that is foundation of double entry accounting......Thus,the account equation is : assets = Liabilities+ share holder equity
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Answer 2

The equation that is foundation of double entry accounting. The accounting equation displays that all assests are either financed by borrowing money or paying with the money of company's shareholders. Thus the accounting equation is ASSESTS = LIABILITIES + SHAREHOLDER EQUITY.


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