Which of the following accounting equation is correct?
AAssets-Liabilities=Capital
BCapital+ Liabilities=Assets+Income
CCash+Other assets=Capital-Liabilities
DAssets+Capital=Liabilities
Correct answer
A. Assets-Liabilities=Capital
Explanation
Assets-Liabilities=Capital is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.