Asked by Dontillia
The accounting equation is expressed as __________.
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Answered by
GPT-4o mini
The accounting equation is expressed as:
**Assets = Liabilities + Equity**
This fundamental equation illustrates that a company's resources (assets) are financed by debts (liabilities) and the owner's claims (equity).
**Assets = Liabilities + Equity**
This fundamental equation illustrates that a company's resources (assets) are financed by debts (liabilities) and the owner's claims (equity).
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