Which of the following is an accounting equation?
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Also known as the balance sheet equation, the accounting equation formula is Assets = Liabilities + Equity. This equation should be supported by the information on a company's balance sheet.
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Capital = Assets - Liabilities. The basic accounting equation, also called as the balance sheet equation, represents the relationship between the assets, liabilities and capital of a business. It is the foundation for the double entry book-keeping system. For each transaction, the total debit equals the total credit.
Accounting Equation : Capital+Liabilities=Total Assets. Therefore, Capital= Total Assets- Liabilites. Answer verified by Toppr. Upvote (0)
Which of the following is the accounting equation? Answer: A= L+ E Explanation: The accounting equation is assets = liabilities + equity The assets form the debit balance of the balance sheet and thview the full answer. PreviousquestionNextquestion.
Accounting Equation means , every transaction will have two affects. For every debit there will be a credit and vice versa. This can be further narrated as: Owners Equity+ Liabilities= Total Assets. Capital+Reserves & Surplus+Long term Liabilities+ Short term Liabilities. = Fixed Assets+ Current Assets. Simply,
The accounting equation can also be rearranged into the following form: Shareholder’s Equity = Assets – Liabilities In this form, it is easier to highlight the relationship between shareholder’s equity and debt (liabilities). As you can see, shareholder’s equity is the remainder after liabilities have been subtracted from assets.
The basis of accounting balances and reports on profits and losses (financial statements) of almost all foreign organizations is based on a basic accounting equation. This equation has the following formula ( the accounting equation may be expressed as ): Assets = Liabilities + Owner’s equity.
The basic accounting equation In the basic accounting equation, liabilities and equity equal the total amount of assets. The accounting formula is: Assets = Liabilities + Equity
Which Of The Following Is An Appropriate Representation Of The Accounting Equation? Assets ... Question: Which Of The Following Is An Appropriate Representation Of The Accounting Equation? Assets + Liabilities = Stockholders’ Equity Assets = Liabilities + Stockholders’ Equity Assets = Liabilities Assets = Liabilities + Retained Earnings.
C) The accounting equation is Assets = Liabilities - Owner's Equity How does the owner withdrawing cash from the business affect the accounting equation? Assets decrease; Owner's Equity decreases
Accounting Mcqs These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.