Mind Map Gallery Chapter 2 The accounting equation

Chapter 2 The accounting equation

The accounting equation, also known as the balance sheet equation, is a fundamental principle in accounting that represents the relationship between a company's assets, liabilities, and equity. The accounting equation is the foundation of double-entry bookkeeping, ensuring that every financial transaction recorded by a company maintains the balance between its assets, liabilities, and equity.

Edited at 2022-09-23 09:44:28
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Chapter 2 The accounting equation

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