The Accounting Equation Could Be Written as Assets + Expenses

question 94

True/False

The accounting equation could be written as assets + expenses + owner's drawings = liabilities + revenues + owner's capital.

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Definitions:

Effective Listening

The active process of receiving, understanding, and responding to spoken messages, demonstrating attention and interest in what the speaker is conveying.

Maturity

The state of being fully developed in body or mind, often associated with adult behavior or thinking.

Attentiveness

The quality of paying close attention to something or someone, showing alertness and focus.

Caudal

Pertaining to the tail or the posterior part of the body.