Question

what is an accounting equation?​

Answer 1

Answer:

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Explanation:

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.

Answer 2

Accounting equation is also known as balance sheet. It is the study of relationship between the assets, liabilities and the equity of the person or business