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13 May, 09:09

Assets = liabilities + owners' equity is the equation for information reported on the

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  1. 13 May, 09:18
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    Assets = liabilities + owners' equity is the equation for information reported on the: Balance sheet

    In accounting, balance basically represents a brief overview about what the company currently own.

    Assets represent something valuable that the company own to conduct their operation, Liabilities represent the debt that they have to pay to other individual or entities, And owner equity represents how much ownership one person have from all the things that the company owns.
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