Question

what is Accounting Equation ​

Answer 1

Answer:

Explan

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Answer 2

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. For each transaction, the total debits equal the total credits. It can be expressed as furthermore:



Assets
=
Liabilities
+
Equity
{\displaystyle {\text{Assets}}={\text{Liabilities}}+{\text{Equity}}} [1][2]
A
=
L
+
E
{\displaystyle A=L+E}
Assets
=
Stockholder Equity
+
Liabilities
{\displaystyle {\text{Assets}}={\text{Stockholder Equity}}+{\text{Liabilities}}} [1][3]
a
=
o
e
+
l
{\displaystyle a=oe+l}