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What are the three elements of the accounting equation

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Question - Describe the three (3) types of businesses and give two (2) examples of each.

Provide one example of a transaction that affect (i) service business and (ii) merchandise business.

What are the three elements of the accounting equation? Explain each element of the Accounting Equation.

What is the difference between 'Cash' basis and 'Accrual' basis of accounting?

Reference no: EM133135617

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