Which One of the Following Could Represent the Expanded Basic

question 44

Multiple Choice

Which one of the following could represent the expanded basic accounting equation?

• A) Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenue - Expenses.
• B) Assets + Owner's Drawings + Expenses = Liabilities + Owner's Capital + Revenues.
• C) Assets - Liabilities - Owner's Drawings = Owner's Capital + Revenues - Expenses.
• D) Assets = Revenues + Expenses - Liabilities.

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Definitions:

IPS

In-Plane Switching, a technology for LCD displays that offers wider viewing angles and better color accuracy, or Intrusion Prevention System, designed to detect and prevent network breaches.

DNS

Domain Name System, a hierarchical and decentralized naming system for computers, services, or any resource connected to the internet or a private network that translates domain names to IP addresses.

IP Address

A distinct sequence of numbers divided by dots, which serves to identify every device that communicates across a network using Internet Protocol.