The accounting equation could be written as assets - owner's capital = liabilities.
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Q1: The normal balance of a liability account
Q20: The drawing account is part of owner's
Q20: If a revenue account is credited the
Q22: The investement of cash in the business
Q24: Purchasing supplies for cash will require a
Q26: Purchasing supplies on account will increase Accounts
Q27: A debit is recorded to increase an
Q28: The chart of accounts is a listing
Q28: The normal balance of any account is
Q30: The double-entry system is a logical method
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