Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 23 - No. 16)
Which of the following statements is correct about the accounting equation?
Assets = Liabilities - Equity
Assets = Liabilities + Equity
Assets + Liabilities = Equity
Liabilities = Assets + Equity
Explanation
Assets = Liabilities + Equity is the fundamental accounting equation.
Comments (0)
