Question: Which is the basic accounting equation that is applicable to every business? a. Assets = Liabilities + Owners Equity b. Assets = Owners Equity

Which is the basic accounting equation that is applicable to every business?

a. Assets = Liabilities + Owners’ Equity

b. Assets = Owners’ Equity – Liabilities 

c. Assets + Liabilities = Owners’ Equity 

d. Assets + Owners’ Equity = Liabilities 

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