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The accounting equation may be written as: A - Revenues - Expenses = Net Income B - Assets = Liabilities C - Liabilities = Equity
The accounting equation may be written as:
A - Revenues - Expenses = Net Income
B - Assets = Liabilities
C - Liabilities = Equity
D - Assets = Claims
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
