Which of These Represent the Accounting Equation

question 86

Multiple Choice

Which of these represent the accounting equation?

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

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Definitions:

General Environment

Pertains to the wider external environment in which an organization operates, including economic, political, societal, technological, legal, and environmental factors.

Specific Environment

Refers to the external forces within an industry or sector that directly impact an organization's operations and performance, which include customers, competitors, suppliers, and regulatory agencies.

Elements

Fundamental components or essential parts that make up a whole system, substance, or compound.

Organisational Culture

The set of underlying beliefs, values, practices, and social behaviors that characterizes an organization and influences its members' behavior and attitudes.