Question

Which one of the following equations correctly expresses the relationship between assets (

  • A , liabilities (
  • C ?
  • E and capital (
  • L , revenues (
  • R , expenses (
A A = L + R + E + C
B A = C + L + (R-E)
C A = C - (R - E) + L
D A = (L - C) + (R - E)
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