Oliviapuente4171 Oliviapuente4171
  • 24-01-2022
  • Mathematics
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True or false? the basic accounting equation is: assets = liabilities equity.

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shivapriyasaji408
shivapriyasaji408 shivapriyasaji408
  • 24-01-2022

Answer:

it should be Assets = liabilities + equity

Step-by-step explanation:

The three elements of the accounting equation are assets, liabilities, and shareholders' equity. The formula is straightforward: A company's total assets are equal to its liabilities plus its shareholders' equity.

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