Assets are equal to:
A) Liabilities + Owner's Equity.
B) Liabilities - Owner's Equity.
C) Liabilities - Revenues.
D) Revenues - Expenses.

Name: Assets are equal to: A) Liabilities + Owner's Equity. B) Liabilities - Owner's Equity. C) Liabilities - Revenues. D) Revenues - Expenses.
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Question

Quizplus · Accepted Answer

Assets are equal to liabilities plus owner's equity, according to the fundamental accounting equation. This equation forms the basis of the balance sheet, one of the primary financial statements.

Assets Are Equal To