Assets always equal debts of the business plus the financial interest of the owner.

Name: Assets always equal debts of the business plus the financial interest of the owner.
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Question

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This is the fundamental accounting equation, also known as the balance sheet equation. It represents the concept that all assets owned by a business are either financed by debts (liabilities) or by the owner's equity (their financial interest). Therefore, the equation can be expressed as Assets = Liabilities + Owner's Equity.

Assets Always Equal Debts of the Business Plus the Financial