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On this lecture I’ve mentioned the idea of double entry system in type of ‘Accounting Equation’.
College students might discover that in books it’s offered as “Belongings = Capital + Liabilities” however I’ve adopted the Indian format of Steadiness Sheet wherein Capital and Liabilities are proven in left facet and Belongings in the precise facet.
College students can change the edges as “Belongings = Capital + Liabilities” in the event that they wish to match their solutions with books. It won’t impact the balances of Belongings, Liabilities and Capital.
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