Which of the following is a correct statement of the accounting equation in economic terms?

Question

Quizplus · Accepted Answer

The accounting equation, in economic terms, is accurately represented as Economic resources = Creditor financing + Owner financing. This equation reflects the basic principle that a company's assets (economic resources) are financed either through borrowing (creditor financing) or through the owner's own investment (owner financing).

Which of the Following Is a Correct Statement of the Accounting