Which of the following is the correct version of the accounting equation?
A)liabilities = assets + equity.
B)equity = assets + liabilities.
C)assets = equity + liabilities.
D)none of the above.

Question

Quizplus · Accepted Answer

The correct version of the accounting equation is "assets = equity + liabilities." This equation is fundamental in accounting, representing the relationship between a company's assets, liabilities, and equity.

Which of the Following Is the Correct Version of the Accounting