What is the basic accounting equation?Group of answer choicesA. Assets = Expense +IncomeB. Assets = Cash + CapitalC. Assets = Capital + LiabilitiesD. Assets = Expenses + Capital

Which one of the following represents the expanded basic accounting equation? Group of answer choices Assets = Liabilities + Share Capital + Dividends – Revenue – Expenses Assets + Dividends + Expenses = Liabilities + Share Capital + Revenues Assets – Liabilities – Dividends = Share Capital + Revenues – Expenses Assets = Revenues + Expenses – Liabilities

Which one of the following accounting equations is correct?Group of answer choicesA. Cash + Other assets = Capital - LiabilitiesB. Capital + Liabilities = Assets + IncomeC. Assets – Liabilities = CapitalD. Assets+ Capital = Liabilities

As which one of the following can the accounting equation be rewritten as?Group of answer choicesA. Assets –liabilities – operating capital + drawings = operating profitsB. Assets - profit –drawings = closing capital – liabilitiesC. Assets + profits – drawings – liabilities = closing capitalD. Assets – liabilities – drawings = operating capital + profits

The accounting equation can be written as:Question 14Answera.Assets - Liabilities - Opening Capital + Drawings = Profitb.Assets + Profits - Drawings - Liabilities = Closing Capitalc.Assets - Liabilities - Drawings = Opening Capital + Profitd.Opening Capital + Profit - Drawings - Liabilities = Assets

Which of the following is the correct formula for the Accounting Equation?Assets = Liabilities – Shareholder’s EquityAssets = Liabilities + Shareholder’s EquityLiabilities = Assets + Shareholder’s EquityShareholder’s Equity = Assets + Liabilities