Accounting equation signifies ……………………….
A. Capital of a business is equal to assets
B. Liabilities of a business are equal to assets
C. Capital of a business is equal to liabilities
D. Assets of a business are equal to the total of capital and liabilities
Answer:D
Accounting equation signifies ……………………….
A. Capital of a business is equal to assets B. Liabilities of a business are equal to assets C. Capital of a business is equal to liabilities D. Assets of a business are equal to the total of capital and liabilities