Assets = Capital + Liabilities
That is, through investment from the owners (capital) or by amounts owed to creditors (liabilities).
The balance sheet of a business shows all the assets at a specified time and that equals to the capital and liabilities of a business. |
21 авг. 2020 г. · This statement is True. Capital amount of a proprietor is a liability of the business and asset of the proprietor. Therefore, the total liabilities of the ... |
29 дек. 2020 г. · Answer: This statement is False. Explanation: The amount invested by the owner in the form of goods, cash, or assets is known as capital. |
False. Capital is a liability. Capital is the fund invested by the owner, as per the accounting entity concept the owner of the business is different from that ... |
Assets are the economic resources belonging to a business. · Capital is the value of the investment in the business by the owner(s). · Liabilities are the debts ... |
Which one is the correct statement (a) assets =capital - EduRev edurev.in › ... › Commerce Questions
The correct statement is assets = capital - liabilities. This form of the equation is commonly used in financial statements and accounting reports. |
The above statement is True. The accounting equation is aligned with the basic concepts of the double-entry bookkeeping system. |
The basic accounting equation is: A Asset = Expense + Income B Assets = Cash + Capital C Assets = Capital + Liabilities D Assets = Expenses + Capital |
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