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Bundle: Financial & Managerial Acc...

13th Edition
Carl Warren + 2 others
ISBN: 9781305720619

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BuyFindarrow_forward

Bundle: Financial & Managerial Acc...

13th Edition
Carl Warren + 2 others
ISBN: 9781305720619
To determine

Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by creating a relation between resources or assets of a company and claims of resources to creditors and owners. Accounting equation is expressed as shown below:

Assets = Liabilities + Owners' EquityAssets = Liabilities+{(Owners' investments)+(Owners' withdrawals)+((Revenues)(Expenses))}

To analyze: Business transactions by indicating their effects on accounting equation.

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