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Felis Concolor
Sep 10, 2008, 03:28 PM
i have a big assignment and it depends on these words. i have to understand what they are and what this a=l+oe is. thx very much for helping :)
AdamUTsel
Sep 12, 2008, 10:01 AM
The basic accounting equation is the foundation for the double-entry bookkeeping system. It shows how assets were financed: either by borrowing money from someone (liability) or by paying your own money (shareholders' equity).