Multiple Choice
Which of the following is true?
A) Assets + liabilities = owners' equity
B) Credits = assets
C) Debits = credits
D) Assets = liabilities - owners' equity
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: Which of the following is NOT an
Q36: Deano Inc. purchased $27,000 of merchandise from
Q37: Assuming no other changes except a decrease
Q38: On May 1, James Corporation had total
Q39: When Jim was preparing the trial balance,
Q41: Which of the following types of accounts
Q42: Northwest Company received and immediately paid a
Q43: The supplies expense account<br>A) Normally has a
Q44: When cash dividends are paid,<br>A) Assets are
Q45: Which of the following is true of