Which of the following expresses the accounting equation?
A Capital + assets = liabilities
B Assets – liabilities = Capital
C Liabilities + Current Assets = Fixed assets
D Liabilities – Capital = Current assets
Answer is B
Tutors, Past Questions and Projects.
Which of the following expresses the accounting equation?
A Capital + assets = liabilities
B Assets – liabilities = Capital
C Liabilities + Current Assets = Fixed assets
D Liabilities – Capital = Current assets
Answer is B
