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P1 C5 Accounting Equation and Business Transactions — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C5 Accounting Equation and Business Transactions1 Mark
Question
Briefly explain accounting equation method.
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Answer

In accounting equation method, all the rules of accounts are followed and how balance sheet prepared by giving direct effect of business transactions is explained.

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