Executive Accounts Question: Download Executive Account PDF
Explain what is the basic accounting equation?
Answer:
Accounting Equation- Accounting rotates around three basic terms. These terms are assets, liabilities and capital. the true relationship between these terms is represented as Acconting Equations ie..
Assets= liabilities+ Capital.
Assets= liabilities+ Capital.
| Previous Question | Next Question |
| Explain why are Accounting Standards necessary? | Tell us how to prepare finalization accounts? |