Asked by Nitika Upadhyaya on Apr 27, 2024
Verified
The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owner's equity.
- Understand the core constituents and interactions in the accounting equation (Assets = Liabilities + Owner's Equity).
Verified Answer
LB
lelandra borgesMay 02, 2024
Final Answer :
True
Explanation :
The accounting equation is always expressed as Assets = Liabilities + Owner's Equity.
Learning Objectives
- Understand the core constituents and interactions in the accounting equation (Assets = Liabilities + Owner's Equity).
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