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Question

Which one of the following equations correctly expresses

the relationship between assets (A), liabilities (L), revenues (R), expenses (E) and capital (C)?

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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Relevant for Exams:

UPSC EPFO (APFC)