The accounting equation can be stated as

Question

Quizplus · Accepted Answer

The accounting equation is fundamental in financial accounting and can be represented in different ways, but all convey the same information. A) Assets = non-owner equity + equity is a less common way to express it, focusing on the distinction between owner and non-owner equity. B) Liabilities = assets - equity rearranges the standard equation. C) Assets = liabilities + equity is the most traditional form of the accounting equation. D) Equity = assets - liabilities is another rearrangement of the equation. All these statements are mathematically equivalent and correct representations of the accounting equation.

The Accounting Equation Can Be Stated as