Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Question

What does the accounting equation (Assets = Liabilities + Equity) represent?
a) The relationship between revenues and expenses
b) The relationship between assets and liabilities
c) The relationship between debits and credits
d) The relationship between resources and claims to those resources 

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