Which Equation Is the Correct Accounting Principle

question 24

Multiple Choice

Which equation is the correct accounting principle?

• A) Owner's equity = assets + liabilities
• B) Assets = liabilities + owner's equity
• C) Liabilities = owner's equity + assets
• D) None of the above

---

Definitions:

Cultural Compatibility

The degree to which different cultures can coexist and interact harmoniously within an organization or between entities, affecting collaboration and integration.

Repair Service

A service provided by companies or individuals to fix damaged or malfunctioning products, aiming to restore them to their proper working condition.

Purchasing

The process of obtaining goods, services, or works from an external source with specific terms and conditions.