Business Studies, asked by xikckcjc, 10 months ago

What does accounting equation signify?.

Answers

Answered by Anonymous
4

Answer:

The fundamental accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a person or business. It is the foundation for the double-entry bookkeeping system.

Answered by sssrohit005p4c0ey
10

Answer:

: Accounting equation implies that the assets of a company are regularly equivalent to the total of its liabilities and capital (owner’s equity).

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