Accounting
equation is the fundamental of all accounting operations; hence there’s no
denying that it is to be taken quite seriously by the students pursuing
accountancy. Talking of the subject accountancy and all accounting principles,
it is to be mentioned that the basic elements of debit/credit calculations and
other equations concerning assets and liabilities are to be understood thoroughly.
Otherwise, solving assignments by implementing the right equation might turn
out to be an issue.
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