Which of the Following Represents the Accounting Equation

question 46

Multiple Choice

Which of the following represents the accounting equation?

• A)Assets + Liabilities = Owners' Equity
• B)Assets = Liabilities + Owners' Equity
• C)Liabilities = Assets + Owners' Equity
• D)Owners' Equity - Liabilities = Assets

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Definitions:

Access Database

An Access Database refers to a database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Make-Table Query

A type of query in a database management system that creates a new table and populates it with data selected from one or more existing tables.

New Table

The creation of a fresh table within a database to store data in a structured format.

Action Query

A type of database query that performs an action on the data, such as inserting, updating, or deleting records.