Which of the Following Represents the Accounting Equation

question 41

Multiple Choice

Which of the following represents the accounting equation?

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

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Definitions:

Enforceable

Refers to a rule, obligation, or agreement that can be legally imposed or carried out.

Illegal Contract

An agreement that is void and unenforceable by law due to its illegal subject matter or terms.

Legislation

The process of making or enacting laws.

Void

A term describing a legal document that is null and has no legal force or effect.