Which of the Following Is the Correct Expression of the Accounting

question 60

Multiple Choice

Which of the following is the correct expression of the accounting equation?

• A) Assets + liabilities = equity.
• B) Assets = liabilities - equity.
• C) Assets + equity = liabilities.
• D) Assets = liabilities + equity.

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Definitions:

Reasonable Notice

The notification given within a reasonable time frame to allow individuals or parties to prepare or respond to changes or actions.

Monetary Damages

Monetary damages refer to a financial compensation awarded by a court to indemnify harm or loss suffered by an individual or entity.

Express Warranty

A written or verbal promise made by a seller to a buyer regarding the quality, condition, or performance of a product.

Performance Limitations

Restrictions or conditions that limit the effectiveness or efficiency of a product, action, or system, often due to inherent design or external constraints.