Question

what do you mean accounting equation

Answer 1

it displays that all assets are either financed by borrowing money or paying with the money of the company's shareholders.
Acc eq:- Assets = Liabilities + Shareholder Equity.

Answer 2

Answer:

financial accounting is a specific branch of accounting involving a process of recording, summarising and reporting the myriad of transactions resulting from business operations over a period of time.

Explanation: