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ATT Principles of Accouting > 2: The Accounting Equation > Flashcards

2: The Accounting Equation Flashcards

1
Q

What is the simple accounting equation

A

Assets - Liabilities = Capital

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2
Q

What is the more detailed accounting equation?

A

Assets - Liabilities = Capital + Profits - Drawings

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ATT Principles of Accouting (15 decks)

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