Which of the following is known as the accounting equation? (a) Liabilities = assets + owners capital
Question:
Which of the following is known as the accounting equation?
(a) Liabilities = assets + owner’s capital
(b) Assets = liabilities − owner’s capital
(c) Assets − liabilities = owner’s capital
(d) Owner’s capital = assets + liabilities
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
c Asset...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
