WHICH OF THE FOLLOWING IS KNOWN AS THE ACCOUNTING EQUATION? A. ASSETS = LIABILITY + OWNER’S EQUITY B. PROFIT =

Which of the following is well known as the accounting equation?
A. resources = guilt + owner’s equity
B. distinction = income – sum expenses
C. lapse upon investment = net income owner’s equity
D. sum distinction domain = sum distinction net sales

{ 4 comments… read them below or add one }

freakin_a2007 September 15, 2010 at 5:48 am

A

Tom S September 15, 2010 at 6:06 am

A

happylittlegirl September 15, 2010 at 6:29 am

“A”. is the right answer

kaliblowfish September 15, 2010 at 7:01 am

A

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