Accounting · Accounting Equation
Which of the following represents the correct basic accounting equation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assets = Liabilities + Owners' Capital✓
- 2Assets = Total Liabilities - Capital
- 3Assets = Liabilities - Claims of Creditors
- 4Assets = Capital - Liabilities
Correct answer
Assets = Liabilities + Owners' Capital
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