শনিবার, ১ এপ্রিল, ২০২৩

Accounting Equation

The whole financial accounting depends on accounting equation. Who is also known as balance sheet equation.

The basic accounting equation is:
Assets = Liabilities + Owner's equity 
Or, A=L+P
Or, P=A-L
Or, L=A-P

Where A= Assets, L= Liabilities, P= Proprietor ash/Capital. 

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