Which of these statements is correct?
A)Savings plus consumption equals income.
B)Income plus consumption equals saving.
C)Dissaving equals consumption.
D)Dissaving plus saving plus consumption equals income.

Question

Quizplus · Accepted Answer

The statement "Savings plus consumption equals income" is correct as per the basic accounting equation, where Income - Consumption = Savings. By rearranging the equation, we get Income = Savings + Consumption.

Which of These Statements Is Correct