Which one of the following could represent the expanded basic accounting equation?
A) Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenue - Expenses.
B) Assets + Owner's Drawings + Expenses = Liabilities + Owner's Capital + Revenues.
C) Assets - Liabilities - Owner's Drawings = Owner's Capital + Revenues - Expenses.
D) Assets = Revenues + Expenses - Liabilities.

Question

Quizplus · Accepted Answer

The expanded accounting equation is: Assets = Liabilities + Owner's Capital + Revenues - Expenses - Owner's Drawings. Option B rearranges this correctly.

Which One of the Following Could Represent the Expanded Basic