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One thing that comes up a lot in accounting is the basic accounting equation. It can be written a couple of different ways: Assets - Liabilities = Equity or Assets = Liabilities + Equity You probably have read balance sheets, or have heard of them. The balance sheet should ALWAYS be in balance. If it isn't, something got screwed up along the way. If you are using standard accounting software, it s...
It Equates
Oct 15, 2022
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