Write an example of accounting equation on depreciation
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hello friend here is ur answer.
The Accounting Equation is based on the double entry accounting, which says that every transaction has two aspects, debit and credit, and for every debit there is equal and opposite credit. It helps to prepare a balance sheet, so it is also called the Balance Sheet Equation.
The Accounting Equation is:
Assets = Liabilities + Owners Equity Or A = L + OE.
I Hope IT Will HELP YOU
The Accounting Equation is based on the double entry accounting, which says that every transaction has two aspects, debit and credit, and for every debit there is equal and opposite credit. It helps to prepare a balance sheet, so it is also called the Balance Sheet Equation.
The Accounting Equation is:
Assets = Liabilities + Owners Equity Or A = L + OE.
I Hope IT Will HELP YOU
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