Which of the following equations is the Fundamental Accounting Equation?
A)Assets - Owner's Equity = Liabilities
B)Assets + Liabilities = Owner's Equity
C)Assets = Liabilities + Owner's Equity
D)Assets - Liabilities = Owner's Equity

Question

Quizplus · Accepted Answer

The Fundamental Accounting Equation is Assets = Liabilities + Owner's Equity, which states that a company's assets must always equal the sum of its liabilities and owner's equity.

Which of the Following Equations Is the Fundamental Accounting Equation