Which of the following equations is the fundamental accounting equation

Asked by admin @ in Business viewed by 283 People

The accounting equation can be expressed as

A. assets= liabilities - shareholders' equity
B. assets + shareholders' equity = liabilities
C. assets + liabilities = shareholders' equity
D. assets - liabilities = shareholders' equity

Answered by admin @


Answer:

D. assets - liabilities = shareholders' equity

Explanation:

The balance sheet paint the picture of the real accounting equation.

Shareholders' equity + Liability = Asset

That is, Asset - Liability = Shareholders' equity


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