question 2 of 10: the accounting equation is: a) assets = liabilities + owners equity. b) revenue =…

question 2 of 10: the accounting equation is: a) assets = liabilities + owners equity. b) revenue = liabilities + owners equity. c) owners equity = assets + liabilities. d) liabilities = assets + owners equity.

question 2 of 10: the accounting equation is: a) assets = liabilities + owners equity. b) revenue = liabilities + owners equity. c) owners equity = assets + liabilities. d) liabilities = assets + owners equity.

Answer

Answer:

A. assets = liabilities + owners' equity

Brief Explanations:

The accounting equation represents the fundamental relationship in accounting. Assets are what a company owns, liabilities are what it owes, and owners' equity is the residual interest in the assets after deducting liabilities. This equation must always balance.