Assets are always equal to:Question 13Answera.Liabilities + Capitalb.Liabilities + Accounts Payablec.Liabilitiesd.Capital
Question
Assets are always equal to:Question 13Answera.Liabilities + Capitalb.Liabilities + Accounts Payablec.Liabilitiesd.Capital
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Solution 1
The correct answer is a. Assets are always equal to Liabilities + Capital. This is known as the accounting equation or balance sheet equation. It is fundamental to the double-entry bookkeeping system. Here's a step-by-step breakdown:
- Assets: These are resources owned by a business which are expe Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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