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Question Practice

What does the accounting equation illustrate?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

What does the accounting equat...

Single Answer MCQ
Q-00053876

What does the accounting equation illustrate?

1

Assets = Liabilities + Equity

2

Revenue = Expenses + Profit

3

Cash Flow = Inflows - Outflows

4

Sales = Cost of Goods Sold + Profit

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