The accounting equation may be expressed as
A) Assets = Equities − Liabilities
B) Assets + Liabilities = Owner's Equity
C) Assets = Revenues − Liabilities
D) Assets − Liabilities = Owner's Equity

Question

Quizplus · Accepted Answer

The accounting equation is Assets = Liabilities + Owner's Equity. This can also be expressed as Assets - Liabilities = Owner's Equity. Therefore, option D is the best choice.

The Accounting Equation May Be Expressed as