Which of the following statements is incorrect? (A) Assets Capital = Liabilities (B) Liabilities + Capital

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Which of the following statements is incorrect?

(A) Assets – Capital = Liabilities

(B) Liabilities + Capital = Assets

(D) Assets – Liabilities = Capital

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 12:58 AM

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Which of the following statements is incorrect? (A) Assets Capital = Liabilities (B) Liabilities + Capital

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The correct answer is C Liabilities Assets Cap...View the full answer

Frank Woods Business Accounting Volume 1

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