The accounting equation is correctly stated as ________.
A)A = L + E
B)A + L = E
C)A = L - E
D)A = L = E

Name: The accounting equation is correctly stated as ________. A)A = L + E B)A + L = E C)A = L - E D)A = L = E
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Quizplus · Accepted Answer

The accounting equation represents the relationship between a company's assets (A), its liabilities (L), and its equity (E). The equation shows that the total value of a company's assets is equal to the sum of its liabilities and equity, which is why the equation is stated as A = L + E.

The Accounting Equation Is Correctly Stated as ________