The accounting equation can be expressed as A. Assets + Liabilities = Equity. B.Assets =Liabilities−Equity. C....

Question

Question

The accounting equation can be expressed as

A. Assets + Liabilities = Equity.

B.Assets =Liabilities−Equity.

C. Equity−Assets= Liabilities.

D. Assets−Liabilities= Equity.

Answer 1

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Answer #1

There are two sides in an accounting equation and the total of both of them is always equal.

One side is Assets

The other side is Liabilities + Equity

So, we can say

Assets = Liabilities + Equity

If we take Liabilities to the left side, This equation can also be re-written as

Assets - Liabilities = Equity

Hence, the correct answer is D. Assets−Liabilities= Equity.

Answer 2

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