The correct expression of accounting equation is
-
A.
Assets = Liabilities + Equity -
B.
Net assets = Liabilities + Equity -
C.
Assets + Liabilities = Equity -
D.
Assets = Equity – liabilities
Correct Answer: Option 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