A bookkeeper checks her work by confirming that the two sides of one relationship always match. That relationship is the:
AAccounting equation
BAdvertising equation
CActuarial equation
DAllocation equation
Answer & Solution
Correct answer: A. Accounting equation
1. Assets sit on one side.
2. Liabilities and equity sit on the other.
3. It is the accounting equation.
_Source: OpenStax Principles of Financial Accounting, Chapter 3, Analyzing and Recording Transactions._
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