what do you mean by accounting equation explain with example
Answers
Answered by
2
Answer:
Accounting equation describes that the total value of assets of a business is always equal to its liabilities plus owner's equity. This equation is the foundation of modern double entry system of accounting being used by small proprietors to large multinational corporations.
Answered by
5
Explanation:
Accounting equation describes that the total value of assets of a business is always equal to its liabilities plus owner's equity. This equation is the foundation of modern double entry system of accounting being used by small proprietors to large multinational corporations.
Similar questions