What is the implication of the accounting identity for the
a. What is the accounting identity?
b. What is the implication of the accounting identity for the numbers on a balance sheet?
c. What does the accounting identity tell us about a business's equity?
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a what is the accounting identityb what is the implication of the accounting identity for the numbers on a balance
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1notes or accounts receivables that result from sales transactions are often calledasales receivablesbnon-trade
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