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Why do total assets equal the sum of total liabilities and equity?Explain.
Assets = Liabilities + Equity
Assets are the entities of value a business owns. Liabilities are liable claims on the business by non-owners and equities are the owners' claim on the business. The sum of the equity and liabilities is the total capital contributed to the business which by definition equals the total value of the assets.
Q. What is Allocation Registers? The object of allocation register is keep the heads of department of divisions districts and regions informed of the progress of expenditure by
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what is the relevance of virements to public sector accounting
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