Accounting Equation ~ Fundamentals of Monetary Accounting
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On this lecture I’ve mentioned the idea of double entry system in type of ‘Accounting Equation’.
College students could discover that in books it’s offered as “Belongings = Capital + Liabilities” however I’ve adopted the Indian format of Steadiness Sheet through which Capital and Liabilities are proven in left aspect and Belongings in the precise aspect.
College students can change the perimeters as “Belongings = Capital + Liabilities” in the event that they wish to match their solutions with books. It is not going to impact the balances of Belongings, Liabilities and Capital.
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