Plz sir tell me basic concept of accounting equation
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A=l+C L=A-CC=A-l
A=C+L A=assetC=capitalL=liabilities
All the assests in equation will add on and every expense subtract from it.Profit will add in capital Loss will subtracted from capital. Creditors bank loan depreciation will add liabilities .Assets =capital+liabilities May it will help u.Thanks