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The basic accounting equation is:

rolpace88

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8 years ago

The basic accounting equation is:

The basic accounting equation is:
A) assets = liabilities - owner's equity
B) owner's equity = liabilities + assets
C) assets = liabilities + owner's equity
D) liabilities = assets + owner's equity

Textbook

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

Read 440 times

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Million

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The fundamental accounting equation is assets = liabilities + owner's equity. (True or false?)

rolpace88 Author

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8 years ago

That is correct Slight Smile

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Million

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#3

8 years ago

A thumbs up would be appreciated Smiling Face with Glasses

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