equation except one of them: O a. Accounting equation shows the financing sources and the use of finance in a business O b. Accounting equation always underlies the accounting entries made in the b0oks of account. O c. Accounting equation is written as follows: ASSETS + Liabilities = capital

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is