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What is the expanded accounting equation?

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What is the expanded accounting equation?
posted Jul 3, 2017 by Ati Kumar

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1 Answer

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Expanded Accounting Equation for a Sole Proprietorship. The owner's equity in the basic accounting equation is sometimes expanded to show the accounts that make up owner's equity: Owner's Capital, Revenues, Expenses, and Owner's Draws.

answer Jul 4, 2017 by Swati Tyagi
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