A. Assets = Liabilities + Equity B. Net assets = Liabilities + Equity C. Assets + Liabilities = Equity D. Assets = Equity - liabilities
Correct Answer: A
Explanation
The fundamental accounting equation is Asset = Capital + Liabilities Asset = Liabilities + Equity the total assets of the company is generated through liabilities to outsiders that the company is still enjoying in addition with the equity by the owners of the business
