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PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Accounting equation is defined as

Posted on by Aban Cheema

A. Assets = Liabilities + Owners’ Equity
B. Liabilities = Short term liabilities + current assets
C. Liabilities = Fixed assets – current assets                                                            D.  None of these