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In my high school in South Africa, we were made to take accounting for a time. The entirety of what I remember of the experience can be summed up thusly:

A. Equity = Assets - Liabilities

B. Test time! Here's something we've never talked about before: try to guess which side it goes on!




If you want a gentler introduction to B, you could spend 5 mins on this, which I created ~5 years ago:

https://www.oppia.org/explore/pepGU0qbyoUm


I enjoyed that, thank you.




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