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Which One of the Following Could Represent the Expanded Basic

Question 44

Multiple Choice

Which one of the following could represent the expanded basic accounting equation?


A) Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenue - Expenses.
B) Assets + Owner's Drawings + Expenses = Liabilities + Owner's Capital + Revenues.
C) Assets - Liabilities - Owner's Drawings = Owner's Capital + Revenues - Expenses.
D) Assets = Revenues + Expenses - Liabilities.

Correct Answer:

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