Which one of the following accounting equations is correct? Options: A . &nbspAssets = Owner's equity B . &nbspAssets = Liabilities + Owner's equity C . &nbspAssets = Liabilities - Owner's equity D . &nbspAssets + Liabilities = Owner's equity

Which one of the following accounting equations is correct?

Question

Which one of the following accounting equations is correct?

Options:

A . Assets = Owner's equity

B . Assets = Liabilities + Owner's equity

C . Assets = Liabilities - Owner's equity

D . Assets + Liabilities = Owner's equity

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Question 1. Purchase book is maintained to record....

Question 2. Those transactions for which there is no separate book, are recorded in the....

Question 3. A document sent to customer when he returns the goods is called....

Question 4. The person from whom the goods are purchased on credit are called....

Question 5. Which of the following sets of expense are the direct expense of business?....

Question 6. The accounting equation is based on....

Question 7. Suspense account given in the trial balance will be entered in the....

Question 8. Different accounting policies can be adopted in the following area(s)....

Question 9. Normally the following accounts are balanced....

Question 10. Opening and closing inventories are recorded in....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0