Without a doubt about Accounting Equation Explanation
Introduction to your Accounting Equation
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Every business transaction will have an effect on a company’s financial position from the large, multi-national corporation down to the corner beauty salon. The budget of the business is calculated because of the after things:
- Assets ( exactly just just what it has)
- Liabilities ( just just what it owes to other people)
- Owner’s Equity (the essential difference between assets and liabilities)