Economics · Accounting Principles
Which of the following items correctly represents the basic accounting equation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assets = Liabilities
- 2Assets = Liabilities - Proprietor's Capital
- 3Assets = Proprietor's Capital
- 4Assets = Proprietor's Capital + Liabilities✓
Correct answer
Assets = Proprietor's Capital + Liabilities
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