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Term: Accounting -> Accounting equation
Term:

Accounting equation

Definition:

Assets = liabilities + owner's equity. The accounting equation is the basis for the financial statement called the balance sheet.

Related terms:

An abbreviation of Free On Board

Ledger

Useful articles:
»Going Wide & Deep With Cross Selling & Up Selling
»Non-verbal Messages
»The Ins and Outs of Merchant Accounts
»Conducting Meetings Over the Internet


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