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Which of the following accounting equation is correct?
- ACash + Other assets = Capital - Liabilities
- BCapital + Liabilities = Assets + Income
- CAssets - Liabilities = Capital
- DAssets + Capital = Liabilities
Correct answer: C
Discussion 1
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CCommunity
Assets - Liabilities = Capital
Assets - Liabilities = Capital is correct.
The Accounting Equation states that the Assets are always equal to the sum of Capital & Liabilities.
Assets - Liabilities = Capital is correct.
The Accounting Equation states that the Assets are always equal to the sum of Capital & Liabilities.