Accountancy, asked by mohamed28, 1 year ago

what is accounting equation​

Answers

Answered by ArpitaAmrita
3

Answer:

Accounting equation is known as balancing equation

Answered by sumit4798
11

Answer:

The Accounting Equation is based on the double entry accounting, which says that every transaction has two aspects, debit and credit, and for every debit there is equal and opposite credit. It helps to prepare a balance sheet, so it is also called the Balance Sheet Equation.

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