Economics · Accounting Equation
A balance sheet is based on which of the following fundamental accounting equations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assets = Liabilities + Capital✓
- 2Assets + Liabilities = Capital
- 3Assets = Liabilities × Capital
- 4Assets + Capital = Liabilities
Correct answer
Assets = Liabilities + Capital
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