Which of the following expresses the accounting equation correctly?:
A) Net assets = non-current assets less non-current liabilities
B) Equity = assets plus liabilities
C) Net assets = total assets less total liabilities
D) Total assets = liabilities less equity

Question

Quizplus · Accepted Answer

The accounting equation is correctly expressed as Net assets = total assets less total liabilities, which reflects the fundamental relationship between what a company owns and what it owes.

Which of the Following Expresses the Accounting Equation Correctly