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How do you solve the fundamental accounting equation?
The fundamental accounting equation goes like, Assets = Liabilities + Equity or Capital. After purchasing the baseball bat, your assets lie at $995, liabilities at $245 and equity at $750. That’s all there is to the fundamental accounting equation. You can use the same equation to solve countless accounting problems.
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What are some common problems with accounting equations?
Here are a few kinds of common problems that your accounting paper may contain. Accounting equation for a corporate Accounting equation for a sole proprietorship Calculating a missing amount within the owner’s equity Expanded accounting equation for a sole proprietorship Expanded accounting Equation for a corporation
Where can I get answers to my accounting questions?
Internet forums are online sites where members can share their experiences about accounting as an academic subject. Yahoo answer is a site where you can upload any question and get an answer within minutes. You can also find plenty of sample questions relating to accountancy problems.
Last Update: Oct 2021
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