Question: The formula for the basic accounting equation that represents the balance sheet is Group of answer choices TOTAL ASSETS = TOTAL LIABILITIES - OWNER'S EQUITY.

The formula for the basic accounting equation that represents the balance sheet is Group of answer choices TOTAL ASSETS = TOTAL LIABILITIES - OWNER'S EQUITY. OWNER'S EQUITY = TOTAL ASSETS + TOTAL LIABILITIES. TOTAL LIABILITIES = TOTAL ASSETS + OWNER'S EQUITY. OWNER'S EQUITY = TOTAL LIABILITIES - TOTAL ASSETS. TOTAL ASSETS = TOTAL LIABILITIES + OWNER'S EQUITY

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