Which of the following is an equation?
(A) Assets = Capital
(B) Assets = Liabilities – Capital
(C) Assets = Liabilities + Capital
(D) None of the above
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assets=liabilities+capital .. correct ans is c
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The basic accounting equation, also called the balance sheet equation, represents the relationship between the assets, liabilities, and owner's equity of a business. It is the foundation for the double-entry bookkeeping system. For each transaction, the total debits equal the total credits.
Accounting equation
assets = capital + liabilities
Therefore answer for the above question is option (c)
Hope its useful..!!
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