Which one of the following is NOT correct? A. Assets - Liabilities = Owners equity B. Assets

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Which one of the following is NOT correct?

A. Assets - Liabilities = Owner’s equity B. Assets + Expenses = Owner’s equity brought forward + Income + Liabilities.

C. Assets + Expenses = Owner’s equity carried forward + Income - Liabilities.

D. Assets - Liabilities = Owner’s equity brought forward + Income - Expenses.

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Financial Accounting An International Introduction

ISBN: 9781292102993

6th Edition

Authors: David Alexander, Christopher Nobe

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Question Posted: Apr 17, 2024 01:01 AM

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Which one of the following is NOT correct? A. Assets - Liabilities = Owners equity B. Assets

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Financial Accounting An International Introduction

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