The claims side of the accounting equation
A) lists the resources that a business owns or controls.
B) lists the sources of the business's assets.
C) must balance out to zero.
D) indicates the amount of profit that a business has earned.

Question

Quizplus · Accepted Answer

The claims side of the accounting equation shows the sources of the business's assets, including liabilities (debts owed to others) and equity (the owner's investment in the business).

The Claims Side of the Accounting Equation