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Explain the concept of accounting equation

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Problem 1. Explain the concept of accounting equation and also give the effect of 5 transactions on accounting equation.

Problem 2. What are various types of accounts and the golden rules of debit and credit?

Problem 3. What do you mean by ratio and what various types of activity ratio, explain?

Problem 4. What do you understand by cost accounting, what are its element and types?

Problem 5. What do you mean by variance analysis and what is its importance?

Reference no: EM132952703

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