Question

what is the Formula for Accounting Equation ?
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Answer 1

Answer:

The accounting equation whereby assets = liabilities + shareholders' equity is calculated as follows: Accounting equation = $157,797 (total liabilities) + $196,831 (equity) equal $354,628, (which equals the total assets for the period

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Answer 2

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Answer:

=> Accounting Equation signifies that Assets of a Business are always equal to the total of it's liability and Capital.✨✨

Formula :-

Assets = Liabilities + Capital

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