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Accounting Equation

A/c entries 725 views 2 replies

What is the accounting equation. How can we make the same.

Replies (2)

yes its E+L=A

where E= Equity

L= Liability

n A= Assets

its based on double entry

Thanks for the help. I have also visited one of the sites which gave an insight to the accounting equation. You might also want to have a look.  https://www.simple-abc.com\


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