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3. Accounting Concepts and Accounting Equation Objective |  Sections |  Key Terms |  Questions |  Resources |  References



Chapter: 3

Accounting Concepts and Accounting Equation


Learning Objectives

After studying this chapter, you should be able to understand

  • Relevance of Accounting concepts
  • Meaning and use of accounting equation?
  • Relationship between the accounting equation and the financial items
  • Relationship between accounting equation and financial statements
  • Meaning of composite financial items
  • Different methods of presenting balance sheet


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