Which of the following equations is the fundamental accounting equation?
A) Assets − Liabilities = Owner's Equity
B) Assets = Liabilities + Owner's Equity
C) Assets + Liabilities = Owner's Equity
D) Assets − Owner's Equity = Liabilities
E) Assets + Owner's Equity = Liabilities
Correct Answer:
Verified
Q11: A business received $600 cash from charge
Q12: The purchase of supplies for cash will
A)
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Q14: If an owner invests his or her
Q15: The deposit of cash by the owner
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Q18: When a business pays a creditor on
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A) asset.
B) liability.
C) revenue.
D)
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