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Logical Description of Accounting Equation(AE)

Accounting eq...

Question

Accounting equation is simply an expression of the relationship among ___ in a business.

A

Assets & Capital

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B

Assets, Liabilities & Capital

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C

Assets & Liabilities

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D

Liabilities & Capital

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Solution

The correct option is B Assets, Liabilities & Capital
Accounting equation is an expression of relationship among Assets, Liabilities & Capital in a business.

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