Accounting for IGCSE & O level - Final Statements (Section 8 - No. 33)
Which of the following is the accounting equation?
Assets = Liabilities - Equity
Assets = Liabilities + Equity
Assets - Liabilities = Equity
Assets + Liabilities = Equity
स्पष्टीकरण
The accounting equation states that assets are equal to the sum of liabilities and equity.