25. The accounting equation can be stated as:
A. Owner’s Equity = Assets – Liabilities
B. Assets + Liabilities = Owner’s Equity
C. Liabilities = Owner’s Equity + Assets
D. Assets = Liabilities – Owner’s Equity
Answer : A
25. The accounting equation can be stated as:
A. Owner’s Equity = Assets – Liabilities
B. Assets + Liabilities = Owner’s Equity
C. Liabilities = Owner’s Equity + Assets
D. Assets = Liabilities – Owner’s Equity
Answer : A