Accountancy, asked by ronak8, 1 year ago

What is the Equation of accounting

Answers

Answered by mojo1

Liability+Capital=Assets

Answered by oluwaseseberepelumi

Accounting equation is simply;
Assets = Capital + Liabilities.
SUMMARY OF THE EQUATION
Assets = Liabilities+ Capital
Capital = Assets - liabilities
Liabilities= assets - capital

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