Which of the following is true about the fundamental accounting equation?
A)It must remain in balance at all times.
B)It is always expressed as assets = liabilities - owners' equity.
C)One side of the equation must equal zero.
D)It may be expressed as assets + liabilities = owners' equity.

Question

Quizplus · Accepted Answer

The fundamental accounting equation must remain in balance at all times, which is expressed as Assets = Liabilities + Owners' Equity.

Which of the Following Is True About the Fundamental Accounting