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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
wrote...
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Posts: 5977
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10 years ago
Which of the following formulations of the accounting equation is incorrect?
      a.   assets - liabilities = equity
      b.   assets = liabilities + equity
      c.   assets = liabilities + opening equity + (revenues - expenses) + (owner additions to – withdrawals from equity)
      d.   assets = liabilities - equity
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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Posts: 10774
Rep: 1064 3
10 years ago
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goji.go Author
wrote...
#2
10 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
10 years ago
You're very welcome!
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