The correct expression of accounting equation is
...The correct expression of accounting equation is
Assets = Liabilities + Equity
Net assets = Liabilities + Equity
Assets + Liabilities = Equity
Assets = Equity - liabilities
Correct answer is A
The fundamental accounting equation is Asset = Capital + Liabilities
Asset = Liabilities + Equity the total assets of the company is generated through liabilities to outsiders that the company is still enjoying in addition with the equity by the owners of the business
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\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
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