In the accounting equation, Assets = Liabilities + ______.
A) Revenue
B) Expenses
C) Equity
D) Cash flow

Name: In the accounting equation, Assets = Liabilities + ______. A) Revenue B) Expenses C) Equity D) Cash flow
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Question

Quizplus · Accepted Answer

The correct answer is Equity. The accounting equation is Assets = Liabilities + Equity, which represents the relationship between a company's resources (assets), obligations (liabilities), and the owners' interest (equity).

In the Accounting Equation, Assets = Liabilities + ______