Which of these equations is correct?
This query is : Resolved
21 October 2010
Dear experts,
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
21 October 2010
assets = capital + liabilities
21 October 2010
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITIES(INCLUDING CAPITAL)
HENCE , ASSETS = LIABILITIES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
HENCE , ASSETS = LIABILITIES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
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