"Simplify Your Accounting And Taxation Thoughts"
Tuesday, November 22, 2011
Accounting Equations:-
“Assets = Liabilities + Capital”
(10=4+6)
“Capital = Assets - Liabilities”
(6=10-4)
“Liabilities = Assets - Capital”
(4=10-6)
“Assets - Capital - Liabilities = 0
”
(10-6-4=0)
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