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Question Practice

Which of the following equations represents the basic accounting equation applicable to a balance sheet?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

Which of the following equatio...

Single Answer MCQ
Q-00053522

Which of the following equations represents the basic accounting equation applicable to a balance sheet?

1

Assets = Liabilities + Equity

2

Assets + Liabilities = Equity

3

Assets + Equity = Liabilities

4

Liabilities = Assets + Equity

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