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In basic accounting equation (A=L+C) why liability comes before capital ?

Accounting Cost Accounting Financial Accounting
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Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/04/30
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In the time of the liquidation and discharge the company, The assets will be evaluated to be liquidated to pay the liability accounts first and secondly is the owners.

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