Balance-Sheet Equation

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August 31, 2024 3 min read Definitions
Balance-Sheet Equation: The Foundation of Financial Statements
Accounting Finance Balance-Sheet Equation Accounting Equation Financial Statements Assets Liabilities Equity
The Balance-Sheet Equation, also known as the Accounting Equation, forms the foundation of double-entry bookkeeping, encapsulating the relationship between a company’s assets, liabilities, and equity.
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