Net worth =
(a)Assets - Liabilities
(b) assets + assets
(c) liabilities - liabilities
(d) liabilities + liabilities
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Explanation:
The basic accounting equation, also called as the balance sheet equation, represents the relationship between the assets, liabilities and capital of a business. It is the foundation for the double entry book-keeping system. For each transaction, the total debit equals the total credit. Following is the accounting equation:
Asset = Liability + Capital.
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Answer:
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