Question

Which three components make up the fundamental accounting equation?

Answer 1

The three components that make up the fundamental accounting equation are Assets, liabilities and equity.

What is the accounting equation?

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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