r. k an entrepreneur started business and thinks that his business is doing well. He plans to expand his operations this year by opening other branches in metro manila. However, he does not believe in the benefits of accounting an

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is