The correct expression of accounting equation is
A Assets = Liabilities + Equity
B Net assets = Liabilities + Equity
C Assets + Liabilities = Equity
D Assets = Equity – liabilities
Answer is A
The fundamental accounting equation is Asset = Capital + Liabilities
Asset = Liabilities + Equity the total assets of the company is generated through liabilities to outsiders that the company is still enjoying in addition with the equity by the owners of the business
