Which of the Following Formulations of the Accounting Equation Is

question 31

Multiple Choice

Which of the following formulations of the accounting equation is incorrect?

• A)assets - liabilities = equity
• B)assets = liabilities + equity
• C)assets = liabilities + opening equity + (revenues - expenses)+ (owner additions to - withdrawals from equity)
• D)assets = liabilities - equity

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Definitions:

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

MEGGER

A brand name that has become a generic term for insulation resistance testers, which measure the resistance of electrical insulation.

Ohmmeter

A device used for measuring electrical resistance in ohms.

Resistance

The opposition to current flow in an AC or DC circuit.