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Assets = Capital + Liabilities
Answer

The accounting equation is: Assets = Liabilities + Shareholder Equity. The balance sheet is a complex display of this equation, showing that the total assets of a company are equal to the total of liabilities and shareholder equity.

Answer

Assets = Capital +  Liabilities.

Answer

The basic accounting equation is

Assets = Capital +  Liabilities.

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The basic accounting equation is

Assets = Owners' Capital + External Liabilities.

What this tells us is - how are the assets of an organization being funded (debt or equity) and how if there is a change to the assets side (land being bought), there needs to be a corresponding change in assets, capital or liabilities (cash is being used or new equity is bring introduced to fund the purchase or a new loan is being taken to buy the land).

Put it differently, 

Capital = Assets - Liabilities

This means that capital or money due to the owners is what is left of the assets after ALL the liabilities have been paid out.

Answer

Real Account

Debit the receiver,credit the giver

Personal Account

Debit What Comes in,Credit What Goes out

Nominal Account

Debit all expenses&losses Credit all incomes&gains

 

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