Accounting equation : Accounting equation is a mathematical representation of the relation between assets, liabilities, and equity. According to this relation, the total assets are equal to the sum of liabilities and equity. To indicate: the accounting equation table for the given transactions.

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Chapter 1, Problem 11QS

Summary Introduction

Concept Introduction:

Accounting equation:

Accounting equation is a mathematical representation of the relation between assets, liabilities, and equity. According to this relation, the total assets are equal to the sum of liabilities and equity.

To indicate: the accounting equation table for the given transactions.

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