Which of the Following Is the Correct Accounting Equation

question 14

Multiple Choice

Which of the following is the correct accounting equation?

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

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Definitions:

Staff Development

The process of improving the skills, competencies, and knowledge of staff members through various forms of training and educational opportunities.

Organization Chart

A chart showing the organization-wide distribution of work, with titles of each position and interconnecting lines showing who reports to and communicates with whom.

Traditionals

Refers to practices and beliefs passed down through generations within a culture or community.

Social Interaction

is the process by which individuals act and react to those around them, forming the foundation of social relationships and society at large.