According to accounting equation, the value of assets in a business is always equal to the sum of the value of ___.

Capital only

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Assets, Liabilities & Capital

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Liabilities only

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Liabilities & Capital

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Solution

The correct option is D Liabilities & Capital
According to accounting equation, the value of assets in a business is always equal to the sum of the value of liabilities and capital introduced by the owner into the business.

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According to which concept, Accounting equation will always hold true?

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