Which of the following equations is correct?
A. Assets plus Liabilities = Equity.
B. Assets = Liabilities minus Equity.
C. Liabilities = Assets plus Equity.
D. Equity = Assets minus Liabilities.
Answer:D
Which of the following equations is correct?
A. Assets plus Liabilities = Equity. B. Assets = Liabilities minus Equity. C. Liabilities = Assets plus Equity. D. Equity = Assets minus Liabilities.