After recording each transaction,total assets must equal total liabilities plus stockholders' equity.

Name: After recording each transaction,total assets must equal total liabilities plus stockholders' equity.
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Question

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This is the fundamental accounting equation, which states that the total assets of a business must always equal the total of its liabilities and stockholders' equity. This equation serves as a basis for double-entry bookkeeping and helps ensure the accuracy of financial statements.

After Recording Each Transaction,total Assets Must Equal Total Liabilities Plus