BobTheAskerCanW7601 BobTheAskerCanW7601

23-07-2020
Business

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intext:"The description of the relation between a company’s assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the"

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ewomazinoade ewomazinoade

27-07-2020

Answer:

Accounting equation

Explanation:

The accounting equation is the basis of the double-entry accounting system.

The accounting equation ensures that each entry made on the debit side of the balance sheet should have a corresponding entry on the credit side. This ensures that the balance sheet remains balanced

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