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</center><p>by Kevin (North Carolina, USA) Before you begin: For purposes of exams and testing it's important to make sure you not only get the questions right but are completing them at the right speed. You'll receive the following documents: Accounting Equation Question Packpdf ( In accounting (and bookkeeping) the basic accounting equation is: Assets = Liabilities + Owner’s Equity (sole proprietorship) Assets = Liabilities + Stockholders’ Equity  point out the effect of each aspect of a transaction on the accounting equation; establish that assets are equal to liabilities and capital and prepare accounting equation from The accounting equation (or basic accounting equation) offers us a simple way to understand how these three amounts relate to each other. BALANCE POINT. The accounting equation (or basic accounting equation) offers us a simple way to understand how these three amounts relate to each other. Assets = Liabilities + Equity * ^. The Basic Accounting Equation. Click here for a practice quiz on Accounting Equation. The Three Elements of the Accounting EquationAssets (A)Anything owned by a business that has economic value and will help the business earn revenue Accounting Equation Questions and Answers. Use a watch or clock to time yourself for this exercise In accounting (and bookkeeping) the basic accounting equation is: Assets = Liabilities + Owner’s Equity (sole proprietorship) Assets = Liabilities + Stockholders’ Equity (corporation) The accounting equation for a sole proprietorship is: Assets = Liabilities + Owner's Equity The accounting equation for a corporation is: Assets = Liabilities + Stockholders' Equity For deep understanding of accounting equation, following are important accounting equation questions: ProblemHabib Ullah Sadiq is wholesale trader; following transactions are record in Accounting Equation? The accounting equation for a  Test your accounting knowledge. Learn and improve your skills for free at AccountingCoach The Accounting Equation Question Pack containspractice questions and answers.</p></translate>
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