Which of the following is correct?
A)Assets - Liabilities = Equity
B)Assets - Equity = Liabilities
C)Assets = Liabilities + Equity
D)All of the above

Name: Which of the following is correct? A)Assets - Liabilities = Equity B)Assets - Equity = Liabilities C)Assets = Liabilities + Equity D)All of the above
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

All the statements are correct as they are different forms of the accounting equation, which represents the relationship between a company's assets, liabilities, and equity.

Which of the Following Is Correct