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    banna91's Avatar
    banna91 Posts: 1, Reputation: 1
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    #1

    Feb 12, 2013, 08:08 AM
    assets = liabilities + owner's equity why?
    the basic accounting equation is
    assets = liabilities + owner's equity
    why??
    and how this equation came out??
    I have my accounting theory professor asking me this question ?
    and he said that the answer can be given by doing a road map?
    so if you can help me because
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Feb 12, 2013, 09:02 AM
    Your Professor and AMHD have the same policy - you need to at least attempt to do your own homework.

    Ask Me Help Desk - Announcements in Forum : Homework Help
    “Read this first - Expectations for the Homework Help Board:
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you. You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that. But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.”
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