What is the accounting equation? A. Assets = capital liabilities B. Capital = assets + liabilities
Question:
What is the accounting equation?
A. Assets = capital – liabilities
B. Capital = assets + liabilities
C. Capital = assets – liabilities
D. Liabilities = assets + capital
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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The accounting equation is a formula that shows the sum of a company\\\'s liabilities and shareholders\\\' equity are equal to its total assets (Assets = Liabilities + Equity). The clear-cut relationship between a company\\\'s liabilities, assets, and equity is the backbone of double-entry bookkeeping.
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