Question

Which accounting equation forms the basis of the balance sheet?

A Assets = Liabilities - Equity Correct Answer Incorrect Answer
B Assets + Liabilities = Equity Correct Answer Incorrect Answer
C Assets = Liabilities + Equity Correct Answer Incorrect Answer
D Assets - Liabilities = Equity Correct Answer Incorrect Answer

Solution

Assets = Liabilities + Equity forms the basis of the balance sheet.

Practice Next

Relevant for Exams:

×
×