The fundamental accounting equation states that assets equal __________.

Question

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The fundamental accounting equation is Assets = Liabilities + Owners' Equity. This equation must always be in balance, meaning that the total value of assets must always equal the combined value of liabilities and owners' equity. This equation is the foundation for all double-entry accounting systems, as every transaction must impact at least two accounts in order to keep the equation in balance.

The Fundamental Accounting Equation States That Assets Equal __________