Accountancy, asked by minasharma9750, 7 months ago

What is accounting equation?
Why it need to us?
What is main role of accounting equation?

Answers

Answered by shyamal13556
2

Answer:

It helps ensure that debits and credits are recorded accurately. Beyond this, however, it helps to measure how profitable your business is. The accounting equation is the foundation of your company's balance sheet, which expresses your business's assets, liabilities, and owner's or shareholder's equity in detail.

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