Question
Which one of the following could represent the expanded basic accounting equation? A. Assets= Liabilities+Owner's Capital+Owner's Drawings-revenue-expenses B. Assets+ Owner's drawings + expenses = Liabilities
Which one of the following could represent the expanded basic accounting equation?
A. Assets= Liabilities+Owner's Capital+Owner's Drawings-revenue-expenses
B. Assets+ Owner's drawings + expenses = Liabilities + Owner's capital + Revenues
C. Assets- Liabilities - Owner's drawings= Owner's capital + revenue-expenses
D. Assets= revenues + expenses - liabilities
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Essentials Of Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Al Arens
1st Edition
0130463035, 9780130463036
