what is use of debtors in accounting equation????
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Theaccounting equation is used in double-entry accounting. It shows the relationship between your business's assets, liabilities, and equity. By using the accounting equation, you can see if your assets are financed by debt or business funds.
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Explanation:
The accounting equation is used in double-entry accounting. It shows the relationship between your business's assets, liabilities, and equity. By using the accounting equation, you can see if your assets are financed by debt or business funds.
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