The total amounts of two sides of accounting equation are always ___ because they represent two different views of the same thing.

Greater than the other side

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Less than the other side

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Equal

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None of the above

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Solution

The correct option is C
Equal

The total amounts of two sides of accounting equation are always equal because they represent two different views of the same thing. In other words, we can say that the value of assets in a business is always equal to the sum of the value of liabilities and capital.

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