BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the basic accounting equation?
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capital=assets+liability
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assets=capital-liability
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liabilities=assets+capital
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assets=liabilities+capital
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Explanation:
Detailed explanation-1: -That is, through investment from the owners (capital) or by amounts owed to creditors (liabilities).
Detailed explanation-2: -The accounting equation is a formula that shows the sum of a company’s liabilities and shareholders’ equity are equal to its total assets (Assets = Liabilities + Equity).
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