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True or false? the basic accounting equation is: assets = liabilities equity.

User Volume One
by
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1 Answer

3 votes

Answer:

it should be Assets = liabilities + equity

Explanation:

The three elements of the accounting equation are assets, liabilities, and shareholders' equity. The formula is straightforward: A company's total assets are equal to its liabilities plus its shareholders' equity.

User Tando
by
6.5k points
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