Which of the following is the correct expression of the accounting equation?
A. Assets + liabilities = equity.
B. Assets = liabilities – equity.
C. Assets + equity = liabilities.
D. Assets = liabilities + equity.
Answer:D
Which of the following is the correct expression of the accounting equation?
A. Assets + liabilities = equity. B. Assets = liabilities – equity. C. Assets + equity = liabilities. D. Assets = liabilities + equity.