menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 2
  4. Exam
    Exam 3: The Accounting Cycle: The Mechanics of Accounting
  5. Question
    The Basic Accounting Equation Is
Solved

The Basic Accounting Equation Is

Question 62

Question 62

Multiple Choice

The basic accounting equation is


A) Assets = Liabilities + Owners' Equity
B) Assets + Owners' Equity = Liabilities
C) Assets + Liabilities = Owners' Equity
D) Liabilities - Owner's Equity = Assets

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: When Jim was preparing the trial balance,

Q58: During July 2013, Gutierrez Corporation sold $9,000

Q59: Which of the following would usually NOT

Q60: On June 30, the balances in the

Q61: Expense and revenue accounts can be considered

Q63: Which of the following is the

Q64: Miles Motor Supplies had the following transactions

Q65: Mila Company paid $900 for merchandise previously

Q66: On November 15, Roach Company issued

Q67: The basic accounting equation can be broken

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines