Which three components make up the fundamental accounting equation?
1 answer:
The three components that make up the fundamental accounting equation are Assets, liabilities and equity.
<h3>What is the accounting equation?</h3>
At a basic form, the accounting equation is:
Assets = Equity + Liabilities
This shows that the entire assets that a company has is acquired thanks to funding from either equity or liabilities.
Find out more on the accounting equation at brainly.com/question/26243955
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