Multiple Choice
Which of the following is the CORRECT accounting equation?
A) Assets + Liabilities = Owners' equity
B) Assets = Liabilities + Owners' equity
C) Assets + Revenue = Owners' equity
D) Assets + Revenue = Liabilities + Expenses
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q86: Following is a list of account
Q87: Sharon Samson starts a plumbing service named
Q88: Martin Supply Service paid $350 cash to
Q89: Martin Supply Service received $1,000 cash from
Q90: IFRS are the international accounting rules that
Q92: The balance sheet shows whether or not
Q93: The proprietor of Martin Supply Service took
Q94: Board members of a not-for-profit organization have
Q95: The business collects a $5,000 account receivable
Q96: The explanation of why the net income