What is the basic accounting equation ? Options: A . &nbspAssets = liability + owner’s equity B . &nbspLiability = assets + owners’ equity C . &nbspOwner’s equity = assets + liability D . &nbspOwner’s equity = liability – assets

What is the basic accounting equation ?

Question

What is the basic accounting equation ?

Options:

A . Assets = liability + owner’s equity

B . Liability = assets + owners’ equity

C . Owner’s equity = assets + liability

D . Owner’s equity = liability – assets

Answer: Option A
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