Question
which one of the following can the accounting equation can be rewritten as? A) Assets-profit-drawings=closing capital- liabilities B) assets-liabilities-drawings=open capital+profit C) assets-liabilities-open capital+drawings=profit D) assets+profit-drawings-liabilities=Closing
which one of the following can the accounting equation can be rewritten as?
A) Assets-profit-drawings=closing capital- liabilities
B) assets-liabilities-drawings=open capital+profit
C) assets-liabilities-open capital+drawings=profit
D) assets+profit-drawings-liabilities=Closing capital
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
