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1. What is Accounting equation and write down theproof of accounting equation ? |
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Answer» The accounting equation is a basic principle of accounting and a fundamental ELEMENT of the balance sheet. Assets = LIABILITIES + Equity. The equation is as follows: Assets = Liabilities + Shareholder's Equity. This equation sets the FOUNDATION of double-entry accounting and highlights the structure of the balance ...MARK me as a brainlist |
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