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All business transactions can be stated in terms of
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All business transactions can be stated in terms of

User Carl Papworth
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of changes in the elements of the accounting equation. A useful way to conceptualize the accounting equation is that the left side (assets), "is what the Owner has" and the right side (liabilities + owner's equity) "is the method by which the Owner obtained the asset"

Step-by-step explanation:

User MrAlias
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