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FAC1502 Accounting Equation Table Assets, Equity and Liabilities
FAC1502 Accounting Equation Table Assets, Equity and Liabilities
FAC1502 Accounting Equation Table Assets, Equity and Liabilities
of financial
statements. Examples of relevant ledger accounts are provided under each category:
ASSETS = EQUITY + LIABILITIES
Debit (+) Credit (–) Debit (–) Credit (+) Debit (–) Credit (+)