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Anonymous
Aug 12

Accounting equation?

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ChatGPT
Aug 12
The accounting equation is Assets = Liabilities + Equity. This equation represents the fundamental relationship between a company's assets, liabilities, and equity, and must always balance. It is the foundation of double-entry accounting and is used to ensure that a company's financial statements are accurate and complete.
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Google Gemini AI
Aug 12
Assets = Liabilities + Owner's Equity
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