Accountıng I Deneme Sınavı Sorusu #1173374
Which option shows the basic accounting equation?
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Assets = Liabilities + Owner's Equity |
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Liabilities = Assets + Owner's Equity |
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Owner's Equity = Liabilities + Assets |
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Assets = Owner's Equity x Liabilities |
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Liabilities = Assets x Owner's Equity |
Yanıt Açıklaması:
In the basic accounting equation, assets must always equal the sum of liabilities and owner’s equity. The order and position of the assets, liabilities, and owner’s equity in the equation does not reflect a random situation. Assets are always showed on the left side of the equation while liabilities and owner’s equity are always showed on the right side of the equation.
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