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If Asset = Liabilities + Owners equity for a business entity, then the accounting equation for a governmental fund is ______________. a. Assets = Liabilities
If Asset = Liabilities + Owners equity for a business entity, then the accounting equation for a governmental fund is ______________.
a.
Assets = Liabilities + Owners capital
b.
Assets = Liabilities + Net equity
c.
None of the options
d.
Assets = Liabilities + Net assets
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