The simple accounting equation may be written as:

Name: The simple accounting equation may be written as:
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The accounting equation is Assets = Liabilities + Equity. This equation represents the fundamental relationship between the resources owned by a business (assets), the debts owed by the business (liabilities), and the claims against the resources (equity). The equation must always balance, meaning that assets must equal liabilities plus equity.

The Simple Accounting Equation May Be Written As