Which formula is the fundamental accounting equation? a. Owners equity = assets + liabilities b. Assets =

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Which formula is the fundamental accounting equation?

a. Owners’ equity = assets + liabilities

b. Assets = liabilities + owners’ equity

c. Owners’ equity = assets ÷ liabilities

d. Liabilities - assets = owners’ equity

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Better Business

ISBN: 9780134522746

5th Edition

Authors: Michael Solomon, Mary Poatsy, Kendall Martin

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Question Posted: Mar 13, 2024 01:00 AM

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Which formula is the fundamental accounting equation? a. Owners equity = assets + liabilities b. Assets =

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