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İşletmeye Giriş Deneme Sınavı Sorusu #1261675
İşletmeye Giriş Deneme Sınavı Sorusu #1261675
Which is true for the accounting equation? I. Assets must equal the sum of liabilities and owner’s equity. II. The accounting equation is the formula used to capture the company’s financial position at any point in time. III. Liabilities appear after owners’ equity in the basic accounting equation.
Only II |
Only III |
I and II |
II and III |
I, II and III |
Yanıt Açıklaması:
The accounting equation is the formula used to capture the company’s financial position at any point in time. The accounting equation shows how assets, liabilities, and owners’ equity are related to each other.Assets must equal the sum of liabilities and owner’s equity. Liabilities appear before owners’ equity in the basic accounting equation because they are paid first if a business is liquidated.
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