The basic accounting equation can be represented as:
A)A = L + SE
B)SE = A - L
C)A - SE = L
D)All of these choices are correct.

Name: The basic accounting equation can be represented as: A)A = L + SE B)SE = A - L C)A - SE = L D)All of these choices are correct.
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Question

Quizplus · Accepted Answer

All the choices represent the basic accounting equation in different forms. A) Assets = Liabilities + Shareholder's Equity, B) rearranges the equation to solve for Shareholder's Equity, and C) rearranges the equation to solve for Liabilities.

The Basic Accounting Equation Can Be Represented As