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. . = Why is it important for the accounting equation (Assets Liabilities + Equity) to equal? What are debits and credits? How are

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. . = Why is it important for the accounting equation (Assets Liabilities + Equity) to equal? What are debits and credits? How are they used in accounting? What can we learn from the general ledger and trial balance? Is the trial balance used by people within the company or external users?

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