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    Question

    Which of the following statements is true about the

    accounting equation?
    A The accounting equation represents that the sources in a business are not equal to the resources of that business Correct Answer Incorrect Answer
    B The accounting equation represents that the sources in a business are equal to the resources of that business Correct Answer Incorrect Answer
    C The accounting equation represents that the resources are allocated to the business at cost price Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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