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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
Explain two important components of Balance Sheet.
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Answer

There are two important components of Balance Sheet: $(1)$ Capital and Liabilities and $(2)$ Assets.

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