Dear All,
Which of these equations is correct?
1. Assets = capital – liabilities
2. Assets = capital + liabilities
3. Assets = liabilities – capital
4. Assets = capital + owners equity
Ans:-
Menu
Which of these equations is correct?
Replies (4)
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITES(INCLUDING CAPITAL)
HENCE , ASSETS = LIABILITES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE.
R. VERMA
| Originally posted by : RAMESH KUMAR VERMA | ||
 |
TOTAL OF ASSETS MUST BE EQUAL TO THE TOTAL OF ALL LIABILITES(INCLUDING CAPITAL) HENCE , ASSETS = LIABILITES +CAPITAL , THE FUNDAMENTAL ACCOUNTING EQUATION ALWAYS HOLD TRUE. R. VERMA |
 |
I m Agree with Mr. Ramesh.
2. Assets = capital + liabilities
THANKS TO ALL OF YOU FOR CLARIFICATION .
Recent Threads
- Why Should Businesses Prioritize SEO?
- Pagdi Room Deposit can be taken as Initial Payment
- Capital gain on Property trf through DanPatra
- Schedule SI is not showing correct tax calculation
- ITR2 AY25-26 new taxregime for salaried employee
- Error mesage in ITR3
- Gst in Turnover
- GST Tax invoice Govt.agency
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
- Applicability of IGST or CGST/SGST
Related Threads
CAclubindia
